Hong Kong Stocks About to Flip After Deepest Dip Since 2016
- There are signs of dip-buying opportunity: Tianfeng Securities
- Hang Seng Index worst performing major gauge over past month
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Hong Kong’s equities are nearing a turning point that could reward investors in the short term -- if they have the stomach for it.
The Hang Seng Index has become the biggest victim of the U.S.-China trade war among major gauges, sliding more than 11% over the past month as of Tuesday’s close. Among the biggest laggards are technology names, with the sector targeted by the U.S. as trade tensions escalate. The index was the most oversold since January 2016 and valuations have been dragged below historical averages.