It's the beginning of a bull run for hk market, it just brok...
It's the beginning of a bull run for hk market, it just broke the resistance at 19500 pts and hit 20600 pts, it's a broad base rally supported by Chinese govt esp with president xi directive. It's a history that China Central Bank lend money at low rate to broking firms, listed companies to buy back their own shares using their exiting shares as margin of 70%,hang seng index all time high is 40000 pts low is this year January of 14500 pts, so plenty of room to go up. US Dow index rise from 15000 pts in 2021 to now at 42000 pts up 300%, us stocks mostly trade at pe of 50 times and above whereas China stocks trade at pe of below 10 times with high dividend yield of 8%,if you are value investors you should buy China stocks in hk market or shanghai market.
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