Michael Burry: This is an “excellent opportunity” to buy the dip in Hong Kong stocks

Deep Tide TechFlow message: On July 17, Michael Burry—the investor who rose to fame for his precise prediction of the 2008 U.S. subprime mortgage crisis and was adapted as the basis for the film “The Big Short”—recently said it is an “excellent time” to look for cheap stocks in the Hong Kong stock market. He believes that as the spotlight on South Korea, Japan, and the semiconductor sector fades, Hong Kong stocks stand to benefit from a return of funds. Reports say that earlier this month, Burry had already increased his holdings of JD.com shares.

Meanwhile, Wang Yajun, head of equity capital markets at Goldman Sachs Asia, said that the Hong Kong market has in fact entered the AI era, but the main indices have not yet fully reflected this shift, causing a divergence between the market’s real vitality and index performance. Morgan Stanley has also recently expressed a fairly optimistic view of Hong Kong stocks. However, factors such as weak consumer spending and downward pressure on the e-commerce industry outlook continue to limit Hong Kong stocks’ overall performance.