Hong Kong Stock Market News: Is the Bull Market in Hong Kong Stocks Coming? By: biyapay.io
China (Hong Kong) and President Xi Jinping's aggressive regulatory moves have rattled investors and prompted a slide in Chinese stocks. Nonetheless, Justin Leverenz, manager of the $51 billion Invesco Developing Markets fund, is optimistic about Hong Kong and Asia.
Although he began trimming his stake in Alibaba Group Holding because of competitive concerns before Beijing's latest regulations threatened China's largest internet companies, he sees a bull market in Chinese equities, propelled by cash-rich domestic buyers. He also expects a commodity price revival that could reverse emerging markets' decade-long rout.