Chinese stocks drawdown
$Futu Holdings Ltd (FUTU.US)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ $PDD Holdings (PDD.US)$ A big portion of China company share had experience a big drop today... It's hard to explain otherwise if not for geopolitical reason and maybe the recent disastrous interview with the CCP spokesperson, Victor Gao.
Especially FUTU just reported a stellar quarter report with guidance adjusted upwards, it seems that market is panic selling for reason outside of company itself. Is this a good opportunity for value investor? thats something for us to decide.
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104174101 : Value trap. Sleeping XJP no plan to boost the economy and resolve the unemployment issue.Ppl keep money and don’t spend due to uncertainty
Tonyco : Would love to grab some of these stocks (still might grab PDD) but my elders are still afraid of China, so they keep making anti-trade garbage. Until they die or get voted out it's too risky.