Should I Buy Chinese Internet Stocks Now? - Zacks Investment Research

Hey everybody, Dave Bartosiak with Trending Stocks astatine Zacks.com. If you thought tech stocks successful the US person had it rough, you should instrumentality a look crossed the Pacific. Chinese tech companies person been deed adjacent harder. As if the commercialized warfare with China wasn’t atrocious enough, now, Xi Jinping has consolidated his powerfulness successful the Communist Party. The quality past nighttime took Hong Kong’s benchmark commencement scale nether 16,000 for the archetypal clip since April 2000 aft the worst one-day selloff since November 2008. The tech scale was disconnected 9.7%.

That translated to immoderate unspeakable reactions present stateside, with Alibaba (BABA - Free Report) and JD.com (JD - Free Report) giving up adjacent to 15%. Looking astatine semipermanent charts here, I americium seeing Chinese net names disconnected 70% oregon worse from their highs. With this nasty, fearful, vindictive marketplace driblet successful Hong Kong, could it beryllium clip for the contrarian successful you to travel retired and bargain the dip? Let’s cheque retired Zacks.com to spot the net representation connected immoderate of these Chinese stocks.

Every clip you stock this video, idiosyncratic pulls the trigger connected a inexpensive Chinese net institution and hits it affluent 2 years later. Subscribe to the YouTube channel, Twitter @bartosiastics, and beryllium definite to cheque retired Zacks.com/promo for this week’s woody connected our Home Study Course. For everybody present astatine Zacks.com, I’m Dave Bartosiak and I’ll spot you adjacent week.