- Hong Kong-listed technology stocks are on track to outperform their mainland China counterparts by the most in almost three years, with cheaper valuations and easing regulatory concerns drawing investors.
None The Top Money Maker at Deutsche Bank Reaps Billions From Singapore.
None of Google s Biggest Moonshot Is Its Search for a Carbon-Free Future?
None Beef Industry Tries to Erase Its Emissions With Fuzzy Methane Math Math.
The Hang Seng Tech Index, which is up in eight of the past 10 sessions, has jumped more than 10% so far in October compared with a gain of just 1.2% by the ChiNext Index. The Hang Seng gauge is heading for its biggest outperformance relative to the onshore-focused index since January 2019.
Some investors, including BlackRock Inc., say that Beijing s regulatory crackdown on companies has been mostly priced in. China s Internet giants, listed in Hong Kong, have been on the government radar for alleged monopolistic practices.
Kuaishou Technology and Alibaba Group Holding Ltd. both up more than 20% this month, are the top contributors to the Hang Seng measure s advance, as demand for bearish options tumbled on the latter. Streaming platform company Bilibili Inc. has also rallied in Hong Kong ahead of its earnings release, with analysts expecting advertisement revenues to drive growth.
Some of China s growth stocks are now reasonably valued so we have already started picking up some of those names in model portfolios, Rupal Agarwal, Asia quantitative strategist at Sanford C Bernstein told Bloomberg Television in an interview. Companies that are not trading at very extreme multiples, such as JD.com Inc. and Tencent Holdings Ltd., are now appearing on our quant screens, she added.
How do Elon Musk, Gwyneth Paltrow, and Donald Trump short-circuit your ability to think rationally?
None These out-of-work Americans tell us Job market turmoil is nothing but transitory.
Homeopathy Doesn't Work. What does my brain know about the science of persuasion?
None Jane Fraser Has a plan to Remake Citigroup While Tormenting Rivals.