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 Hong Kong Exchange & HK Stocks, Per title post-Extradition Bill W/drawal

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The Nomad
post Nov 17 2021, 12:50 AM

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I have Tencent, Alibaba, JD.com, ChinaETF, among others, in my portfolio. But I'm not adding any HK/China stocks even though many are currently cheap.

Firstly, China under Xi is not the same as China under Deng, Jiang or Hu. More insular, less business friendly, more prickly, more micro-management, etc.

Secondly, HK/China stocks has had a lot of more downs than ups in the past 5-6 years (of course one could say the same about Malaysian stocks). The 2015-16 bust, the Trump trade war, HK protests, the recent govt crackdown.

Will not sell my holdings when they are at depressed prices. But in the next major reshuffle of my portfolio, China/HK will probably make up only 15%-25% of my holdings.
The Nomad
post Nov 18 2021, 12:01 AM

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Currently 25%. It was >50% a few years ago.

QUOTE(Cubalagi @ Nov 17 2021, 07:43 AM)
What was the % of China in your investment portfolio?
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The Nomad
post Mar 14 2022, 11:00 PM

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HK listed China stocks - when global stocks slump, they collapse. It's like their shareholders are mostly weak hands who panic at every single thing.

In my next major portfolio reshuffle, I'll replace my HK/China exposure with Vietnam (holding up very well!), Indonesian, Indian (up 1% today) ETFs .
The Nomad
post Apr 7 2022, 12:18 AM

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As always ... US market down, HK market will also fall down ... often harder. Even when the issues in the US have no or little impact on HK/China.

Is it cause HK market is dominated by ang moh expats and Hongkies who look up on the West?

Thankfully the mainland investors are made of sterner stuff, though they also tend to be emotional.
The Nomad
post Apr 8 2022, 04:42 PM

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Not necessary. My Vietnam ETF did not suffer any serious pullback since I bought it in 2021. The Vietnamese are tough cookies ...


QUOTE(dwRK @ Apr 7 2022, 08:46 AM)
world's biggest economy sneezes... rest of the world follows...

- stock market 101
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The Nomad
post Apr 12 2022, 12:29 AM

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From The Star's April 11 market summary:

QUOTE
On the external front, MSCI's broadest index of Asia-Pacific shares ex-Japan dropped 1.54%.
Japan’s Nikkei 225 lost 0.61% to close at 26,821.52 while South Korea’s Kospi ended down 0.27% at 2,693.10.
Hong Kong’s Hang Seng closed down 3.03% to 21,208.30.
China’s CSI300 index fell 3.1% to 4,100.07, while the Shanghai Composite Index lost 2.6% to 3,167.13.


As always, HK/China shares go down the hardest. One can give 101 excuses ... Shanghai lockdown lah (as if other countries never experienced lockdown), blah blah blah ... but as an ex-US prez used to tweet: Weak!


QUOTE(The Nomad @ Apr 7 2022, 12:18 AM)
As always ... US market down, HK market will also fall down ... often harder. Even when the issues in the US have no or little impact on HK/China.

Is it cause HK market is dominated by ang moh expats and Hongkies who look up on the West?

Thankfully the mainland investors are made of sterner stuff, though they also tend to be emotional.
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The Nomad
post Apr 12 2022, 10:09 PM

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Oh Bro Facepalm, how can u be wrong about almost every thing u told me tongue.gif

Are u a reverse indicator or something? biggrin.gif

Yahoo Finance says: Stocks rebound as inflation hits highest level since 1981

Nasdaq up 1.8% as of now. (not weak at all)

And about the Viet index stocks, they are NOT low growth stocks. As Cubalagi posted, Vietnam is a frontier market - thus its index stocks have a long growth runway.


QUOTE(xander83 @ Apr 12 2022, 05:02 AM)
WEAk because China bad PPI number today nothing even to do with lockdown doh.gif

It will be the same tomorrow when US announce bad inflation number  doh.gif
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QUOTE(xander83 @ Mar 24 2022, 08:01 PM)
In fact not 1shot because EPF need to cash out before drawing down for withdrawals  doh.gif
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The Nomad
post Apr 12 2022, 10:20 PM

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*cough*cough* I love how u post obvious things (like your momma is a woman) and mouth it like it's a precious pearl of investing wisdom.

Of course, sometimes vnindex up/dn movements coincide with sp500 ... of course nothing goes up in a straight line tongue.gif

Anyway don't bother to reply ... since I'm limited to 3 posts daily due to P tag, I prefer to save my replies for ppl who post useful things.

No hard feelings ya. Now is there an 'ignore' button ....


QUOTE(dwRK @ Apr 12 2022, 06:32 AM)
hehehe

ringgit also dropped... weak!!!

vnindex also dropped... weak!!!

like this above also gets reported... lol

nothing goes up forever... nothing goes up in a straight line... - stock market 101
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QUOTE(dwRK @ Apr 8 2022, 10:27 PM)
i'm quite sure some of vnindex up/dn movements coincide with sp500's... wink.gif
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The Nomad
post May 5 2022, 02:45 AM

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An extract from realmoney.thestreet.com/investing/global-equity/jack-ma-arrest-and-sec-s-didi-investigation-whack-china-tech-stocks-15987652

See how many times the writer mentioned 'spooked' tongue.gif

QUOTE
Mainland traders will have a nasty shock on their hands when they return to their computer screens on Thursday after a long holiday. The Hong Kong market saw heavy selling here on Wednesday in Chinese tech names such as Alibaba Group Holding ( (BABA) and HK:9988), which dropped 3.7% on the day.
Investors were spooked by just about anything.
They were spooked for a second when they thought Alibaba lightning rod Jack Ma had been arrested for publishing seditious stuff on the Internet. That wasn't true, but it was pretty funny.
Investors also were spooked by ride-hailing operator DiDi Global (DIDI) , which mentioned in its annual report that it is being investigated by the U.S. Securities and Exchange Commission over its disastrous initial public offering last June.
Investors were spooked, too, by what the Fed might do tonight, Asian time. They were spooked by selling from insiders and big investors. The markets in Shanghai and Shenzhen will resume trading on Thursday after breaking since Friday for Labor Day. Hong Kong was closed just for Monday.
The Nomad
post Aug 21 2022, 07:28 PM

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Maybe when Xi dies and the era of one man rule ends, I'll start adding China shares again....
The Nomad
post Aug 22 2022, 08:07 PM

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I'm probably already blacklisted because of certain articles I publish as part of my job ... embassy staff probably knows my identity ... I won't take the risk of travelling to China tongue.gif

QUOTE(tadashi987 @ Aug 22 2022, 02:40 PM)
watch out when u travel to China  tongue.gif
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