With tariffs kicking in and the possibility of a full blown trade war looming, Chinese stocks have been pulling back from their recent highs. As things escalate, we expect some further drops. Keep an eye on China for buying opportunities. Wait for signs that the trade war is ending, like dropping of tariffs or new trade agreements. Be patient - this can take some time to develop.
You may wish to focus on more stable companies such as commerce giants Alibaba Group (NYSE:BABA) and JD.com, Inc. (NASDAQ:JD), or search provider Baidu, Inc. (NASDAQ:BIDU). For those who an appetite for more risk, there have been a series of Chinese IPOs recently. One to look at is the video streaming service iQIYI, Inc. (NASDAQ:IQ).
No comments:
Post a Comment