TCEHY - Why I Just Sold These 3 Chinese Tech Stocks
At the beginning of the year, Chinese tech stocks accounted for about a fifth of my portfolio. However, I recently sold three of those stocks and reduced my total exposure to Chinese equities to less than 10%.
Today, I'll review the regulatory, merger-related, and ethical challenges that caused me to finally part ways with China Mobile (NYSE: CHL) , SINA (NASDAQ: SINA) , and Tencent (OTC: TCEHY) .
I once considered China Mobile, the largest telecom company in China, to be a rock-solid dividend stock with a low valuation. However, escalating tensions between the U.S. and China under the Trump administration made China Mobile and its two peers, China Telecom and China Unicom , toxic investments.
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Why I Just Sold These 3 Chinese Tech Stocks