Hello everyone, this is Cissy in Hong Kong.
In China, there’s a saying that when inexperienced investors start playing the stock market, it’s time to get out. Events of this past week seem to back up that notion.
Hong Kong shares plummeted on Tuesday, the day mainland markets reopened after the seven-day Golden Week holiday. Someone I know of, who isn’t an experienced stock trader, had borrowed heavily to invest in Hong Kong-listed Chinese property stocks last Thursday, but on Tuesday, he suffered heavy losses as his leveraged position meant he was forced to liquidate his holdings.
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