Dear readers, Hong Kong is in a technical recession and investors have to look out for the following eight stocks here listed below on the local bourse which have the exposure to Hong Kong. To be frank, the months of Hong Kong protests would have left their effects on these stocks but the confirmation of Hong Kong technical recession should point to the way forward for how businesses in Hong Kong would be going forward.
These eight stocks are:
(1) Dairy Farm International Holdings
(2) DBS Group Holdings
(3) HongKong Land Holdings
(4) Jardine Matheson Holdings
(5) Jardine Strategic Holdings
(6)Tan Chong International
(7) Yunnan Energy
(8) Jardine Cycle & Carriage
While it may be tempting for some investors to think of “bargain hunting”, my advice would be to respect the market trend for the trend is much bigger than the technical and fundamental of any particular stock. Moreover, the confirmation of a technical recession only provides strong grounds of the prevailing and future business conditions in Hong Kong.
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