Hong Kong opened lower, and losses accelerated in the afternoon due to weakness in Mainland and European markets. Very slow turnover reflected investor caution.
Hong Kong's Hang Seng Index dropped below its 50-day moving average as the worsening European debt crisis hit global markets hard. Turnover sank, reflecting investors' caution.
Buying up blue-chips isn't as sexy as investing in small cap stocks with massive growth potential, but some mega caps could offer stability and solid growth.
Hong Kong opened higher, but profit-taking after the recent major rally led to a broad-based retreat. However, lower turnover indicated selling pressure was not great.
The potential to sell Apple products to the vast and still expanding Chinese market is enormous, and Jim Trippon spots a few resellers that could benefit from that opportunity.