Hong Kong entered a bull market earlier this month—at least according to one common definition.
The city’s benchmark Hang Seng Index surged 25% in the first half of November, clearing the 20% hurdle that is traditionally used to define a bull market. The sharp run-up from its trough on Oct. 31—when the index touched its lowest level since April 2009—was fueled by signs that China is starting to shift away from its strict zero-Covid policy that has hamstrung the world’s second-largest economy.
RebeccaYFeng Hang Seng Index's components include majority of China-based entities; and daily stock trading is also restricted to limited such China-based entities. The index is heavily influenced by China.
RebeccaYFeng Hong Kong is a dead market
RebeccaYFeng Giga Shanghai is ok? elonmusk, maybe it is worth overestimating the risks of locating production in autocracies?
RebeccaYFeng the whales are rigging the market, buying, pumping and dumping rinse repeat
markets RebeccaYFeng Per WarrenBuffett INTRINSIC VALUE formula, based on 2021-22 annual reports, China's tech giant Alibaba/$BABA is overvalued by 33% compare to IntrinsicValue of $52 And $BIDU is undervalued by 29% compare to IntrinsicValue of $110, but still above margin of safety price of $82
RebeccaYFeng After your puff piece on FTX, I will exercise my right to unfollow the WSJ. You’ve shown your stripes.
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