The Hang Seng’s recent plunge is another example that investors shouldn’t underestimate how bad things can become both on the corporate and macro front – just ask Mark Zuckerberg who has now witnessed his Meta Platforms, previously Facebook, plunge well over -70% over the last year.
- Xi Jinping has almost single-handily smashed the Hong Kong equity market, only a few years after removing many of their previously enjoyed “civil rights”.
MM is neutral on the Hang Seng
