If you are one of the investors investing in the CHN / HKG technology sector, I am sure you would have felt the pinch as an index (iShares Hang Seng TECH ETF (3067.HK) is down -37% from the all-time high of $ 22.98 to $ 14.40 at the time of writing this article and had already gone down -44% at one point. The prospect of these technological actions in China will be a challenge and I do not think we should expect any immediate rebound in this sector and will be unstable since the repression of regulations on “antitrust ”(Baba / Tencent) to“ data security ”(Didi) and recent“ education ”(TAL / New Oriental). We have seen how the price of shares had fallen by more than 30-50% and some education stocks almost ended up falling by more than -90%.
As usual, we will see two different points of view regarding this repression and technological correction, some said it is only a temporary trend
Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission.