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10 Chinese stocks that have become deep value plays
By Dr Wealth  •  March 17, 2022
The HSTech index fell from an all time high of 11,002 points on 17 February 2021 and touched an intraday low of 3,463 on 15 March 2022 just thirteen months later. Similarly, the Hang Seng Index (HSI) recorded highs of approximately 33,600 in January 2018 and 30,600 in February 2021 before plunging to a low of 18,415 which was the lowest closing since February 2016. This means that stocks that are part of these two indices and other stocks in a similar space have mostly moved from being overvalued to becoming undervalued stocks as market sentiments hit rock bottom. On 16 March 2022, The HSI went up by 9% while the HSTech went up by 22%. The indices continued its recovery on 17 March 2022 with the preopening indicating a 7% and 12% gain respectively for the opening bell. This was the highest gain in more than a decade for...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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