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China Tech Stocks: Time to Buy or Sell?
By STE's Stocks Investing Journey  •  August 2, 2021
If you are one of the investors investing in the CHN/HKG tech sector, I am sure you would have felt the pinch as the index (iShares Hang Seng TECH ETF (3067.HK) is down by -37% from the all-time high of $22.98 to $14.40 as of writing this article and it was down by -44% at one point. The prospect of these China tech stocks will be challenging, and I don’t think we should expect any immediate rebound from this sector and is going to be volatile since the crackdown from the regulatory on “anti-monopoly” (Baba/Tencent) to “data security “(Didi) and the recent “education” (TAL/ New Oriental). We have seen the share price plunged by more than 30-50% and some education stocks almost wipe out with dropping of more -90%. As usual, we will see two different points of view with regards to this tech crackdown and correction, some said it is just a temporary trend...
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By STE's Stocks Investing Journey
Hi Everyone ! is me STE, I would like to start a blog to pen down and document my thoughts on stocks investing and also “talking to myself “ on some issues relating to investing ideas / world . I will try not to mention any particular stock in my blog post as it is very hard to do any “prediction or forecast “ of future or stock's movement and also this may attract unnecessary dispute / incident if anything goes wrong .. I will be using more graphic / chart / table / quotes to explain my thought and ideas as “ pictures worth more than thousand words “ ,, the most important things is …I don’t really good in explaining things in words.. haha .
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