Read? LION-OCBC SECURITIES HANG SENG TECH ETF for Panda/Koala Investors in SGX Local Market
Below IOP price of $1.35
Are sellers cutting losses fast and also some sellers tio margin calls and forced selling???
Read? LION-OCBC SECURITIES HANG SENG TECH ETF for Panda/Koala Investors in SGX Local Market
Below IOP price of $1.35
Are sellers cutting losses fast and also some sellers tio margin calls and forced selling???
Why not?
ReplyDeleteHi Uncle8888,
ReplyDeletePolitical noise from the communist party. Usually geopolitical shocks are good times to buy affected stocks. 😬
Alibaba down 28% from 1.5 months ago. Ali Health down 20%.
Other tech also affected: Meituan down 20%, while both Tencent & JD.com down in the teens.
Except for Ant (which is not listed yet), the catalysts for the above companies are still sound. They just need to be politically savvy & aware, especially if their businesses continue becoming more dominant.
Ant will need to spend more efforts on behind the scenes politicking in order to expand beyond mobile payments into digital banking space.
Btw Kweichow Moutai, a decidedly non-tech business, is still doing great!