How tech stock in Asian markets would perform in the second half of 2021?
Led by Chinese tech stocks, the Asian tech sector has experienced significant price reductions in July . As seen in the HSBC Hang Seng Tech Index ETF (Chart 1)…
China Downgrade, HK Follows
Moody’s Investor Services, one of the top three credit rating agencies, just downgraded China. Specifically, China’s “long-term local currency and foreign currency issuer ratings”. The move took China’s rating from…
Can the Swiss Model Save Hong Kong’s Economy?
As Hong Kong’s traditional growth pillars teeter, the former British colony is becoming increasingly reliant on an old staple: banking. The economy is being squeezed by China’s weakest growth in…