With most of its components companies suffering a nosedive in prices, the index naturally is heading south too. A look at the chart reveals it is nearing its bottom and may be good for some of us who still believe in the China Tech stories.
I have mentioned previously that the regulations introduced by the Chinese Government is good for the long term of the industry and cleaning up to ensure fairer competition. This forces the companies to stand on its toes and constantly innovate and not being complacent.
If buying individual companies or analysing them is a hassle, then this index ETF may be suitable for you.
Please do your own due diligence.
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we are now back to 6753 , the same level when it was first launched !