BlackRock Says Hong Kong Stocks ‘Extremely Attractive’ Post Rout
(Bloomberg) — BlackRock Inc. fund managers said Hong Kong-traded stocks have become “extremely attractive” after recent declines, hinting at opportunity as China’s regulators move to stabilize battered financial markets.
In a crisis, some valuations can reach levels previously not thought possible, the world’s biggest asset manager’s China-registered unit said in a letter to investors on its WeChat social media account Monday. Hong Kong-traded stocks are mostly Chinese companies, the asset manager said.
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