JPMorgan is firmly bullish on Chinese stocks: this round of decline is the right time to buy

As usual, the following is for reference only and does not constitute investment advice.

Both Hong Kong and American stock markets experienced a round of decline on Monday, with $NASDAQ Golden Dragon China (.HXC.US)$ closing down 14.43% on Monday. However, $JPMorgan (JPM.US)$, an investment bank on Wall Street, is still firmly bullish on Chinese stocks and believes that the moment is a good opportunity to buy.

Marko Kolanovic, the chief global market strategist of JPMorgan Chase, wrote in the customer report that the rapid decline of Chinese stocks was disconnected from the fundamentals, and this round of selling tide provided stock investors with buying opportunities. Kolanovich believes that in view of China's expected economic growth recovery, monetary and fiscal stimulus and other factors, "we think this is a good (buying) opportunity". He also mentioned that China's latest GDP and other economic data for the third quarter were surprising.

$China Concept Stocks (LIST2517.US)$ $Hang Seng TECH Index (800700.HK)$ $TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $PDD Holdings (PDD.US)$ $Weibo (WB.US)$ $Social Media (LIST2433.US)$ $JD.com (JD.US)$ $BABA-W (09988.HK)$ $Alibaba (BABA.US)$

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70155773 : Either it's a gambler mentality, or they've collected a lot of money

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karina2014 : Hurry up and place all of the estimated stocks

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Tasty old韭菜 karina2014 :

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whqqq 70155773 : HangSeng is up across the board.

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70155773 whqqq : Bull trap

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