As expected, my US based ADR Chinese/HK stocks dipped about 10% when the US market opened yesterday.

I'd expect my HKEX stocks to take a beating tomorrow when HKEX opens for trading as selling pressure continues as every market worldwide seems to risk-off fleeing to safer havens.

Coronavirus is really a black swan event, I do not think it's the right time to buy the dip...as China has finally admitted that the virus is 'out of control' despite the extraordinary measures taken i.e. lockdown from one city to more than 15 cities with maybe more to come; and death has raced past 100 mark.

Wuhan Mayor informed that 5 Million residents have left Wuhan before the lockdown and with the virus spreading from human-to-human without any symptoms, I guess we can expect domino effects in the coming days ahead unless vaccine is found or developed. Even WHO has admitted it was a 'mistake' in assessing the risk of virus, upgrading from moderate to high

On the other hand, two local gloves stocks which I have purchased have increase more than 10% & 20% respectively, that my consolation for now, otherwise all my current holdings are in the red.

I'd expect gloves and masks manufacturers stocks to increase further with the outbreak...google Kawamoto stock % increase which produce surgical masks

I think it is more straight forward to buy disposal medical stocks(gloves/masks/etc) compared to pharma stocks as there is current no known vaccine yet. I observed that some of the Chinese pharma stocks rallied initially and then pulled back sharply when it was made known that there is no known vaccine yet. Anyway there will always be momo crowd who will ride on the biotech/pharm stocks...

Don't buy reits in HK, so many value and growth stocks to choose later.. Now alot of HK stocks on sales with the HSI dropping 711pts to below 26k5.

When the market gives out indications AND confirmations of trend reversal from TA point of view

Thanks. The article mentioned that the data compiled before the outbreak.

It will be interesting to see how the market reacts when Chinese market with extended closure, opens for trading on 3 February. It's the Chinese companies that have been advised to postpone their start of business operation.

Edit to correct Chinese market is still set to open on 3 feb.

This post has been edited by markedestiny: Jan 31 2020, 10:06 PM

8Sec now is free of fees effective 1st Feb 2020 based on the email which I received recently.

I have opened this some time back but have not fund this account due to its strict requirement of having to use bank to transfer and receive funds and I don't have a local HK bank.

Therefore unless you have a local HK based bank, using a Msia bank for this account will incur higher transfer cost on top of unfavorable exchange rate by the bank.

Yes, there are many HK/Chinese growth stocks so I dont prefer HK Reits... yet...

DYODD

Nope, there is no official news that the lockdown has been lifted so China is not slowly coming back to work, now postponed until early next month.

Also China's trade/economy data for Jan has been pushed to Feb, no 'visibility' ahead on the impacts for two months (but can expect not so positive data).

If the pandemic is under control, most probably we could expect the two months data in March earliest...anyway, the closure of one quarter in China being the key supplier would not bode well globally..

Some malls in HK has reduced rentals significantly to assist their tenants in view of the drastic drop in retail and also visitors to HK..so maybe affected, perhaps from short up to mid term if the virus pandemic is not resolved..

Hong Kong unveils stimulus package with cash handout

https://www.thestar.com.my/news/regional/20...th-cash-handout

Hmmm helicopter money drop...

Risk in mind now, will HKD-USD peg hold? Dire consequences if not..

HSI is currently breaking below 26, now 25!

I am only stating what I am observing right now, it's not a call to buy the dip or any recommendation.

Hansel, yes I saw it is trading at its 3 yrs low, at less than 50, now 49ish...

Despite the virus, HK ppl still went out to protest recently

Yes indeed, Aussie Banks are not in good shape now too... Oz depends on China too much

Sure when China recovers, its demand for oil will increase. Ironically, it's the reduction in demand from China which led to the OPEC negotiation.

Now, with both Saudi and Russia on all out price war, it's the test of fitness of survival for those affected especially smaller oil producing countries..

We can expect more desperate stimulus from the CBs sooner

With the USD in shortage, would the USD-HKD peg still hold? Any thoughts on this?

Demand exceeded their speed of printing.


https://economictimes.indiatimes.com/market...ow/74594981.cms

The 3 largest banks in Spore in the same boat?

Edit; found the news article

https://finance.yahoo.com/news/banks-freeze...-222443389.html

This post has been edited by markedestiny: Apr 16 2020, 05:36 PM

If you have a China bank account, can consider signing up for Sofi, formerly known as 8 Securities, which is based in HK. Free unlimited stock trading but some charges still applies.

Hong Kong leads Asian shares lower as Beijing readies new security law


https://www.reuters.com/article/us-global-m...usiness+News%29

With China hardening its grip onto HK, expect more volatities ahead besides the renewed US-China trade spat...