Hang Seng(Hong Kong exchange) has bull run

[lfromnj]

https://www.msn.com/en-us/money/markets/hang-seng-index-is-in-a-bull-market-helped-by-these-stocks/ar-BB1mpOnh?ocid=BingNewsSearch

Seems that came from its all time low of 14k to roughly 19.5k now. Up by almost 20% in the past month's low. Does seem to be some rotation of hedge funds into China with the US market being hilariously overpriced even as it keeps going up.. Chinese stocks on the other hand are (somewhat justifiably) underpriced. JD earlier this year was trading at like 23 dollars with a Net asset value of 20 dollars and making like 2 dollars profit per year.

It's possible this could reverse once again like in 2023 but the Chinese economy does seem to be somewhat improving this time around.

[CumbrianLefty]

Chinese invasion of Taiwan not imminent then.

[lfromnj]

Chinese invasion of Taiwan not imminent then.

Priced in as one of the factors for why China is trading so low to begin with. Fraud doesn't help either. And the fact Xi can come in at any time is another factor. Still it does seem like the earlier valuations when companies were basically trading at their book value while still having ok profits were probably too low.