It would be nice to have a crystal ball that can show us when the impact of the regulatory crackdown in China would end, as well as where this is all heading – but that’s really just wishful thinking. I myself bought shares at Alibaba at the psychological support level of $200, only to see it bounce off to $150 late last week.
While there’s no shortage of opinions about China’s situation online, there are some opinions that I think are worth noting. In this article, I’ll be sharing some insights from industry experts, as well as share my own humble opinion. Additionally, we’ll take a look at how the technical details are shaping up for the iShares MSCI China ETF (Ticker Symbol : MCHI).
Summary of China’s Crackdown, in 3 charts
It’s one bad news after another: the initial crackdown on ANT financial happened, then regulators took on other firms such as Didi and Tencent Music. And the bloodbath didn’t stop there