Financial Columnist's Stock Picks Gain Over 10% After US Election Shock
SingTao · 1 SOURCESabout 2 hours ago4 MIN
Summary
A Hong Kong financial columnist's three recommended stocks all surged more than 10% on November 6, 2026, following surprising US mid-term election results that sent markets on a volatile ride. The columnist, who purchased Tencent (0700.HK), Alibaba (9988.HK), and CATL (3750.HK) two weeks earlier, decided to hold rather than cash out, believing these companies remain solid long-term investments supported by China's strategic development policies .
Key Points
- Columnist Tsang Chi-hua (曾智華) purchased three stocks two weeks before the election: Tencent at HK$386, Alibaba at HK$97, and CATL at HK$350
- US mid-term elections on November 6 produced shocking results, with Republicans suffering major losses even in traditionally strongholds
- Hong Kong stocks surged on November 6 following the US results, with all three recommended stocks rising over 10%
- The author attributes Republican losses to voter frustration with economic policies affecting ordinary citizens' livelihoods
- Tsang advises investors to monitor potential Democratic Party policy shifts on AI technology
Why It Matters
The market reaction demonstrates how US political developments can quickly impact Hong Kong and mainland Chinese stocks, particularly those aligned with national strategic priorities. For Hong Kong investors, this highlights the importance of maintaining positions in fundamentally strong companies through short-term volatility rather than making hasty decisions based on immediate market swings .
The market reaction demonstrates how US political developments can quickly impact Hong Kong and mainland Chinese stocks, particularly those aligned with national strategic priorities. For Hong Kong investors, this highlights the importance of maintaining positions in fundamentally strong companies through short-term volatility rather than making hasty decisions based on immediate market swings .