U.S.-listed Chinese stocks like Alibaba Group Holding Ltd , JD.Com Inc(ADR) and Baidu Inc (ADR) have been hit hard since Donald Trump was elected the next U.S. president on Tuesday. Trump has been clear about his intentions to take a tough stance on international trading partners, often specifically mentioning China.
U.S. Investors Have China All Wrong
Chinese market expert and CEO of Marco Polo Pure Asset Management Aaron Boesky joined PreMarket Prep on Wednesday to explain why U.S. investors have the China story completely wrong. U.S. investors have been bombarded with headlines about a breakdown of China’s economy, but Boesky sees a huge buying opportunity.
After an initial post-election selloff, the Hang Seng and Shanghai Composite have bounced back and are now in positive territory since Election Day.