[sgbuffett]

Just another trading day ..  

Some losses among HK listed tech stocks. Netease and Baidu sold off after their earnings  The earnings are so so near  expectations and these stocks  Given the low valuations and cash held by these stocks one would think the expectations are very low already so I am rather surprised they went down so much. 

Ping An results is pretty good but the stock move up only a little. 

Other than tha HSI held on to most of its gains in last 2 weeks. Lots of flushing out of short term and medium term traders who chased the rally that starter in Feb thjs yr  ...when the bulk of the rally become undone most of them got out. 

That was the 4th  bear market rally ...

In a perverse way it's good that most investors have given up on China and HK ....I look through most of the earnings report and feel lots of hidden strength in the China econkmy is under appreciated. All these may come to play as the US economy weakens and Fed cuts rates.  ....the high dividend yields of Chinese stocks become harder to ignore.