Hong Kong’s key indices are rallying

BrianTycangco鄭彥渊
04-17

Hong Kong’s key indices are rallying today even after Wall Street’s big losses overnight. Decoupling takes many forms.

This could be the shape of things to come if China is able to sustain growth through stimulus and focus on keeping things stable at home.

$HSI(HSI)$ $HSTECH(HSTECH)$ $HSCEI(HSCEI)$ $KraneShares CSI China Internet ETF(KWEB)$ $iShares MSCI Hong Kong ETF(EWH)$ $iShares MSCI China ETF(MCHI)$ $iShares China Large-Cap ETF(FXI)$ $BABA-W(09988)$ $JD-SW(09618)$ $TENCENT(00700)$

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Chinese investors now own 8.5% of Alibaba via the StockConnect after picking up another 46m shares net over the past 5 days.

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HK Stocks Rebound: Can Alibaba Climb Higher?
Alibaba jumped 6% this week, as Taobao topped the App download charts in 16 countries. Alibaba's valuation remains at a long-term low, with a forward P/E ratio of just 10.32. In light of the trade war, do you have more confidence in the outlook for Chinese companies? Would you choose Alibaba on the U.S. market or in Hong Kong? Can Alibaba return to $130 amid this rebound?
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