Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Xi’s Stocks Are A Bargain! Any Takers?
Chinese equities staged a rousing rally on Thursday attributed rather generically to "bottom-fishing."
As the book closes on yet another disappointing year for Chinese shares, some market participants will invariably be tempted to "bargain" hunt, an endeavor which is more or less logistically viable depending on your level of access to Mainland markets. Most investors are confined to a handful of ETFs, ADRs and Hong Kong shares.
However you're situated in that regard, it's important to remembe
Your recent article on Taiwan is what made me sell my BABA shares (at breakeven, thankfully).
So I assume you have not and will not be buying the dip anytime soon?
Hell no. F–k Xi and his stocks. That’s not to say they won’t bounce. And I (sincerely) wish anyone who does buy the dip the best of success. Additionally, I promise to faithfully document every twist and turn of any Chinese rally in 2024 just like I would any additional selloff. But it’s not something I’m ever going to participate in as an investor.
I swore off investing in China years ago. That market is as rigged as a four mast schooner.
As I see your argument clearly I suddenly thought about the mercurial “person” running for the top US job and thought if Xi can do this sort of thing on a whim, so could our very own king of operating on his whims. What a thought.