Invest
Should you take profit on your China stocks now?
By Dr Wealth  •  February 7, 2023
China stocks have made a remarkable recovery since the lows in October 2022 with many stocks doubling since. The Hang Seng Index (HSI) went up more than 50% since the lows recorded in Oct 2022 before coming down a notch. The inevitable question arises then on whether it is time to take profit or is there more upside to come. Here are 5 considerations on whether you should take profit now. 1) Economic conditions The Chinese economy has been lacklustre in 2022 due to the lockdown policies. Since the reopening was announced, the Chinese Yuan has strengthened to a high of USD/RMB 6.74 from 7.30 in October. Recent datasets have also started looking more positive with January 2023’s Caixin Services Purchasing Manager’s Index (PMI) expanding for the first time in 5 months. This PMI index tracks the health of variables such as sales, employment, inventories and prices and is an indication of the prevailing direction of economic trends in the manufacturing and services sector....
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance