Looking at the weekly chart, we can see GXC ETF is still on a bullish trend , despite the correction of over 30% since its peak in Feb this year , recording a high of 155 price level.
The political situation in China is indeed worrying some of the institutional buyers, some calling the big boys like Tencents a SELL which was not what the case just a year or so ago......
Property developers defaulting on its loans - causing ripples to other players and the banks much like a domino effect. And the tech stocks are hardly to celebrate though some say it may have bottom (an art rather than science to predict).
US-China trade tension remains a thorny issue with the everlasting Taiwan implication (now that HK coming under China is a chapter closed).
Looking at the global Covid-19 situation, many countries are now realising they have to open up their borders to trade, exchange expertise and encourage traveling for each country to continue hitting their GDP figures.
I will be nibbling again on this ETF next week and hope my charts prove me right in the years to come, haha.
The political situation in China is indeed worrying some of the institutional buyers, some calling the big boys like Tencents a SELL which was not what the case just a year or so ago......
Property developers defaulting on its loans - causing ripples to other players and the banks much like a domino effect. And the tech stocks are hardly to celebrate though some say it may have bottom (an art rather than science to predict).
US-China trade tension remains a thorny issue with the everlasting Taiwan implication (now that HK coming under China is a chapter closed).
Looking at the global Covid-19 situation, many countries are now realising they have to open up their borders to trade, exchange expertise and encourage traveling for each country to continue hitting their GDP figures.
I will be nibbling again on this ETF next week and hope my charts prove me right in the years to come, haha.
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With the new variant, Omicron, what will happen to the China and the global economy ?