16 August 2021: Market fear over Chinese stocks. When will it be over? Who knows...

Hopehope赋予希望
2021-08-16

$恒生指数(HSI)$ Hang Seng spot index is not looking great today, having fallen from a day peak of 26,400 to a day low of 26,040 and is currently around 26,150, being down almost 1%. Shenzhen index is not looking great either, and is down around 0.7% at 14,693, which is just within points of 14,700. Shanghai index is almost flat at 3517.

Hang Seng

Shenzhen index

Near term wise, Chinese markets are really not looking great. Market participants in particular the institutional funds are worrying about the implementation and/or introduction of new regulations. Just over last weekend, there was comment made by state media on gaming companies confusing gamers with wrong history due to the use of historical figures in China history. This news impact on game streaming companies is definitely not negligible since $哔哩哔哩-SW(09626)$ hong kong shares, $腾讯控股(00700)$ Tencent, $网易(NTES)$ share price suffer again today. HSI Tech is down 2.7% at 6400 now... 

Should I rush into Chinese tech stocks? No not at this stage since there is a possibility of another leg down. $小米集团-W(01810)$ Xiaomi being into physical business in addition to its tech background, has made it relatively resilient. However, short term price movement wise, it may not be able to withstand the barrage of negative news should the negative market sentiment spread. Nevertheless, I will continue to hold my position in Xiaomi.

Alibaba's hong kong share price

Readers should know that I have no intention to own any Alibaba shares at this stage. Even if it did go down to around 160 USD.

Alibaba USD share price

Douyu's financial results will be released today... Lets see if it will shed light into how Huya may perform as I have the view that Huya will have a much better financial results than that of Douyu. Readers should nevertheless know that the poor price performance of Bilibili and Kuaishou Tech may still affect price sentiment of Huya with or without good financial results.

As always, I do not think now is a good time to take big positions in Chinese tech stocks. If I want, I will nimble and add on small positions to my existing positions slowly. As for Haidilao, I do not think the price structure looks great and there may be a significant downleg. I have not studied the fundamentals of the business though and interested readers should study its business and funamentals before taking any positions be it long or short positions.

Haidilao's share price

As always, this should not be construed as any investment or trading advice.

免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。

精彩评论

  • 商桥Y啊
    2021-08-16
    商桥Y啊
    B站今天算是比较大的回撤了,整个港股都是震荡下行,阿里160以下并不是没有可能,科技股之前涨幅太高了,海底捞已经过了风头正劲的时期,稳妥起见还是多看少动。
  • 东营天地人和
    2021-08-16
    东营天地人和
    最近的中概股是真的动荡,而且全是负面消息,一点都不积极
    • 森田小狼
      见过把自己砍得血肉模糊的狠人吗💀
  • 河东荷西
    2021-08-16
    河东荷西
    最近还是要观望一下子,总感觉事情没那么简单
  • 抓先生
    2021-08-20
    抓先生
    回购股份才是好股票
  • 我是一个大宝贝
    2021-08-23
    我是一个大宝贝
    投资需谨慎
  • 偶尔怀旧
    2021-08-20
    偶尔怀旧
    在低估购买
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