Tech sell-off in HK, China present buying opportunities: analysts
The counters analysts favour have declined from recent peaks and started to rebound off troughs, but plenty of upside is still seen left
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IT is an opportune time to get into the Chinese and Hong Kong stock markets, following their recent rout in response to the spike in US Treasury yields and fears over global reflation, analysts say.
Stock picks by analysts are mostly e-commerce or tech-related, including software company Kingsoft, Tencent-backed cloud-based marketing provider Weimob, Internet media and services company Tencent, and e-commerce companies Alibaba, JD.com and Meituan. But they also include the Hong Kong Exchanges & Clearing and healthcare firm Wuxi Biologics.
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