KSHTY - Alibaba Experiences A Reversal In Fortunes UP Fintech Defies Naysayers
- China announced a plethora of macro data last week where all but retail sales missed expectations. News on the populous country continued to spell doom and gloom.
- Investors are sitting up and realizing 'the bark is worse than the bite' on China matters.
- The correction in the narrative from 'crackdown' to 'leveling the playing field' would go a long way to improving the investor sentiment on Chinese stocks and reducing the 'China discount.'
- BABA stock continues to be buoyed by positive developments.
- Investors shouldn't mistake the in-tandem trading movements in China's top online brokerages in the short term as exemplifying the similarities between the two.
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Alibaba Experiences A Reversal In Fortunes, UP Fintech Defies Naysayers