They Are Buying Hong Kong Stocks
Quote from Ndubuisi Ekekwe on September 1, 2019, 8:30 PMHong Kong’s Hang Seng Index ended the month as the worst performer in worldwide markets as August marked the city’s third consecutive month of economy-roiling protests. The index dropped 7.4% in August, but mainland Chinese traders were unperturbed, taking advantage of Hong Kong’s cheap equities and buying stocks every day of the month through Friday. Mainland investors have spent $8.9 billion buying shares in Hong Kong over the last six weeks, Fortune Newsletter notes. Yes, as Hong Kong protects, some savvy investors are buying the beaten-down equities in its exchange. This is the reason why some people just know how to make money!
Hong Kong’s Hang Seng Index ended the month as the worst performer in worldwide markets as August marked the city’s third consecutive month of economy-roiling protests. The index dropped 7.4% in August, but mainland Chinese traders were unperturbed, taking advantage of Hong Kong’s cheap equities and buying stocks every day of the month through Friday. Mainland investors have spent $8.9 billion buying shares in Hong Kong over the last six weeks, Fortune Newsletter notes. Yes, as Hong Kong protects, some savvy investors are buying the beaten-down equities in its exchange. This is the reason why some people just know how to make money!