In today’s video, I look at why Chinese stocks are down big. The main culprit for the sell-off today was Prosus (OTC: PROSY), with its intention of selling some of its position of Tencent (OTC: TCEHY). Prosus is currently the biggest shareholder of Tencent, and the sell-off triggered a red flag for investors. Since there have been no fundamental changes to Chinese stocks, this event might be giving investors a chance to enter the Chinese market at a discount.
Click the video below for my full thoughts.
*Stock Prices used were the Midday prices of April 7, 2021. The video was published on April 8, 2021.