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wrote a post06/30 14:32

Hong Kong’s Top Stock-Trading Strategy Is Quietly Unwinding

Betting on high-dividend stocks led to a 14% loss this quarter
Market interest in high-dividend stocks is falling. Many investors are sacrificing their positions in these defensive stocks to get liquidity for other names,” said Shuo Huang, portfolio manager of the ChinaAMC Select China Leap Equity Fund, adding he favors low-valued internet and electric vehicle shares in the short term.
Investors in Hong Kong are rotating into growth from value, unlike the rest of the world where rising interest rates are hurting demand for tech shares. The Hang Seng Tech Index is up 10% this month, trouncing the Nasdaq Composite’s 7.5% loss through Tuesday, with Hong Kong’s gauge boosted by a dialing back of China’s crackdown on tech giants and easing of virus curbs that’s boosted consumer discretionary plays.
Hong Kong’s Top Stock-Trading Strategy Is Quietly Unwinding
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