Dear readers, Hong Kong stocks have not been faring well at all in year 2021.
We have a number of factors, from the US-China geopolitical tensions to the regulations from the Chinese authorities and then the recent Evergrande episode. It is hence no wonder that the Hong Kong HIS has clocked in a 11.2% decline year-to-date this year.
Let us take a look at the BAT stock right now. BAT stocks represent the stocks of Baidu, AliBaba and Tencent, all listed on the Hong Kong stock exchange
Baidu has lost around 38.6% year-to-date in 2021.
Alibaba retreated 36.6% year to date.
As for Tencent Holdings, the stock has declined 19.6% year-to-date.
I believe Hong Kong stocks will go down further before they head up.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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