HSBC Global Research observed profit-taking in China internet stocks, partly due to market's lack of confidence, and refocus on fundamentals. The mismatch between strong foreign inflows and weak equity performance could indicate that domestic investors are pessimistic on economic recovery. In terms of valuation, China internet stocks notably outshone other economic revival stocks. This showed that positives from reopening and deregulation are l...
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HopelessChi :
hence chinese equity market is still weak and lack of confidence. profit taking been for the past 18 days. another lower high at 4,800, guess back to stoneage time. exit while you can
HopelessChi : hence chinese equity market is still weak and lack of confidence. profit taking been for the past 18 days. another lower high at 4,800, guess back to stoneage time. exit while you can