Alibaba, JD, Tech Peers Rise: Hang Seng Turns up Though Recession Fears Grow

Benzinga2022-12-16

Hong Kong stocks turned up on Friday, with the benchmark Hang Seng gaining 1% on overnight cues from Wall Street. Fears over recession gained momentum after U.S. November retail sales recorded their ...

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Comments

  • nerdbull1669
    2022-12-16
    nerdbull1669
    Rally won't last or stay, there might be short bouts of rally. We as investor should look for opportunities to make quick profit and exit position. Not a good time to hold position.
  • Singman
    2022-12-16
    Singman
    Like
  • Guavaxf30
    2022-12-16
    Guavaxf30
    Sympathy rally. I do not think it can last. We are well deep in a global bear market.
  • V K
    2022-12-16
    V K
    Pls like tyvm[Happy] 
  • Danielng
    2022-12-16
    Danielng
    Boomz. Market is forward looking. If China can grow 3% in lock down, imagine the growth when it's full opened up. There will be immediate pain for next 2 months as they transit to reopen. But once that is done, there's no looking back. Inflation is also under control and interest rate is at a sweet spot, unlike US and most other countries. Basically, China is in perfect conditions to rocket, imo.
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