SG Talk

China stocks fall as COVID flare – ups, policy uncertainty weigh
28 October 2022 12:36
SHANGHAI, Oct 28 (Reuters) – China stocks fell on Friday, as COVID-19 flare-ups added to concerns of a dim economic outlook, amid fears that growth will be sacrificed for ideology-driven policies under President Xi Jinping's new leadership team.

• * The blue-chip CSI 300 Index dropped 1% by the end of the morning session, and the Shanghai Composite Index lost 0.8%.
  
• * The Hang Seng Index declined 2.3%, and the Hang Seng China Enterprises Index retreated 2.9%.
  
• * For the week, the CSI 300 Index tumbled 4% and is set to post its biggest weekly fall in three-and-a-half months, while the Hang Seng Index, down 7%, poised to record the worst weekly performance since March 2020.
  
• * From Wuhan in central China to Xining in the northwest are doubling down on COVID-19 curbs amid rising cases....
  
• * Xi secured a precedent-breaking third leadership term on Sunday and introduced the new Politburo Standing Committee stacked with loyalists, leading to a panic selling by global investors on Monday.
  
• * "The greater concentration of power under President Xi may lead investors to price in the risk of a continuation of pandemic controls, less support for the private sector, greater geopolitical tensions with the U.S., and heightened risk of policy mistakes," UBS analysts wrote in a note.
  
• * "Overall, we remain neutral on Chinese equities. We are cautious on the short-term path of the Chinese market and avoid making directional calls untill greater certainty arrives."
  
• * New energy firms declined 2%, while real estate developers and consumer staples lost roughly 1.5% each.
  
• * Since the end of the Party Congress, the zero-COVID policy execution "has been clearly stepped up in a rising number of cities, as containing COVID remains a key performance measure for local officials," Nomura wrote in a note.
  
• * Tech giants listed in Hong Kong plunged 3.7%, while mainland property developers tumbled 4.4%. (Reporting by Shanghai Newsroom; Editing by Rashmi Aich) ((Jason.Xue@thomsonreuters.com)
  

Take the chance to short China stocks as situation deteriorates.

Short HSI.
Short A50.

HSI below 15000 levels as failed policies loom.
And economy slowdown will last much longer than expected.

(28-10-2022, 01:59 PM)sgbuffett Wrote: [ -> ]Take the chance to short China stocks as situation deteriorates.

Short HSI.
Short A50.

Bro, remember this is crisis. Your system will play u out again. Short at this level is too narrow. Hs tech now 2830, let’s see

It falls or plunges?

China is gone case!!!

(28-10-2022, 02:34 PM)sgbuffett Wrote: [ -> ]China is gone case!!!

You are like those panicky uncles!

Now read this:

Amazon Becomes Latest Tech Stock Casualty: Shares Plunge 20% After Dismal Earnings Reveal 'Giant Red Flag'

So how? US gone case?!

(28-10-2022, 02:43 PM)sporeguy Wrote: [ -> ]You are like those panicky uncles!

Now read this:

Amazon Becomes Latest Tech Stock Casualty: Shares Plunge 20% After Dismal Earnings Reveal 'Giant Red Flag'

So how? US gone case?!

Meta (Facebook) plunged 24.56% in one day!

The true meaning of "plunge"! 

ah butt lost how much on china stocks? 300k? aiya chicken feet lah. or is it chicken feed or feat?

(28-10-2022, 02:34 PM)sgbuffett Wrote: [ -> ]China is gone case!!!

Hsi breaking low….. this is exciting

(28-10-2022, 02:49 PM)cityhantam Wrote: [ -> ]Meta (Facebook) plunged 24.56% in one day!

The true meaning of "plunge"! 

Actually today reported by Bloomberg Meta (Facebook) has plunged 72% from the stock price at the beginning of the year ...

Some play short term.

Some play long term.

When asked, they said they looked at the fundamentals and had a long term view. But within the next few months, everything seems not right. It is very hard to make a connection.

When the market was dropping, it became already warning others that the market was dropping. Everyone had already pull out.

(28-10-2022, 03:04 PM)Zannn Wrote: [ -> ]Hsi breaking low….. this is exciting

Topsage is a reverse indicator as people always laughed at him since CNA forum days.

Covid china exploding again under Xi..he should admit openly his ZeroCovod has fail.

(28-10-2022, 03:25 PM)Sharexchange Wrote: [ -> ]Covid china exploding again under Xi..he should admit openly his ZeroCovod has fail.

In communism leaders do not change decisions even is people suffer...just like Mao great leap forward....cause so many deaths.

Once they decide country can just go downhill, they cannot lose face by admitting a mistake.

The whole world has emerged from the pandemic...EXCEPT China...

Let's move on and leave China behind. China leaders will think 300 other countries .made a mistake their decision is the only right one in this whole world and their fanboys will cheer.

They keep doing this way, they will undo the  30yrs progress by going back to Mao era

(28-10-2022, 04:15 PM)sgbuffett Wrote: [ -> ]In communism leaders do not change decisions even is people suffer...just like Mao great leap forward....cause so many deaths.

Once they decide country can just go downhill, they cannot lose face by admitting a mistake.

The whole world has emerged from the pandemic...except China...

Let's move on and leave China behind. China leaders will think 300 other countries .made a mistake their decision is the only right one.

you are genius !

lucky i listened to you since jan 2022

(28-10-2022, 04:22 PM)forum456 Wrote: [ -> ]you are genius !

lucky i listened to you since jan 2022

(28-10-2022, 02:04 PM)Zannn Wrote: [ -> ]Bro, remember this is crisis. Your system will play u out again. Short at this level is too narrow. Hs tech now 2830, let’s see

Dear Sgbuffett, hope u did not short too much. Worried if u sold all and turn shorts at the lowest.

Buy the panic, I buy HST.. will do cost averaging.

Stocks especially china stocks is really wan Dan le.

(28-10-2022, 02:04 PM)Zannn Wrote: [ -> ]Bro, remember this is crisis. Your system will play u out again. Short at this level is too narrow. Hs tech now 2830, let’s see

Sgbuffett, yr system play u out again?

(01-11-2022, 10:17 AM)Zannn Wrote: [ -> ]Sgbuffett, yr system play u out again?

hv to change fortune teller. more expensive ones better