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-- 90.960 China concept stocks rebound strongly in 2022, here's what you need to know
Chinese companies listed in the U.S. rebounded recently after a long-term slump in 2021 as investors piled back into these stocks.
Yesterday the $NASDAQ Golden Dragon China (.HXC.US)$, $KraneShares CSI China Internet ETF (KWEB.US)$ and $iShares China Large-Cap ETF (FXI.US)$ rallied 1.87%, 1.51% and 2.22% repectively.
It's finally time to buy Chinese equities.”
—— Vital Knowledge analyst Adam Crisafulli wrote in a research note. The Nasdaq Golden Dragon China Index is back at levels that have acted as solid support going back over the last several years, he said.
The upswings followed a poor start to 2022 that has made Chinese tech stocks underperformers compared with their global peers, which were themselves hit last week by growing expectations of a rate rise by the US central bank. However, compared with $NASDAQ 100 Index (.NDX.US)$'s rebound (the purple line), China concepts stocks (the blue line) have outperformed.
Dickie Wong, head of research at Kingston Securities in Hong Kong, said global institutional investors and mainland Chinese traders were jumping into stocks such as Tencent and Alibaba on Monday.
Over the past couple of months, Chinese tech stocks have been lagging behind everyone else. It was already time for bargain hunters to buy in.”
This is the time for [Chinese] tech to rebound — at least for those positioned at the top of the market.”
—— said Wong.
What is China Concepts Stock?
This refers to a stock in a company that operates in mainland China. China Concepts Stocks are incorporated overseas, giving Chinese businesses access to foreign investment.
Investors may have seen China Concepts Stock listed in the world's largest stock exchanges, from the London Stock Exchange (LSE) to the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
Historically Chinese stock exchanges have been closed to foreign investment, which has driven businesses to form China Concepts Stock. As the country develops its capital markets, China Concepts Stocks are expected to be a key driver to China's economic growth.
Source: Capital.com, FINANCIAL TIMES, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Spearhead : good
Truth712 : why are people still investing in china?
NgKennykk : Nice
Andjoy99 : Great
102863952 : finally we can see the selling has been bottom out!-is time for Baba and Sea or tencent to rally! dyodd
eksp2 :
BULL HORN : ok
钱包君你要振作起来 : Why are my Chinese stocks only falling or not rising
70682199 Truth712 : Because they are not the one who create the virus. Ask Anthony futti
Truth712 70682199 : umm if you actuall look it up the recient Senate hearings, there is now conformation from the Military that it was indeed created there and was leaked in Aug 2019. so please dont speak of this type of issue on a stock site it has nothing to do with investing.
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