2 Chinese Stocks That Will Keep Winning in 2020
Posted On December 24, 2019 2:03 pm
By: admin
By: admin
2019 was a challenging year for China stock investors. Trade tensions with the U.S. and concerns about the slowing economy tested investors, but in the end Chinese stocks broadly finished higher with the Shanghai Composite up 20.5% so far this year.
Two stocks that were strong performers in particular were Alibaba (NYSE:BABA) and JD.com,(NASDAQ:JD) as you can see from the chart below.
Alibaba and JD bounced back from weak 2018 performances, but China’s two largest e-commerce stocks look set for more gains in 2020. Here’s why.
The macro environment is promising
With phase one of a trade deal between the U.S. and China now complete, the worst of… Continue reading at The Motley Fool
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