A man makes a phone call through the headset in the Lujiazui financial district in Pudong, Shanghai in July 2021. Photo: Reuters
A man makes a phone call through the headset in the Lujiazui financial district in Pudong, Shanghai in July 2021. Photo: Reuters

Funds are favouring Chinese tech, consumer losers, discarding energy winners in policy turnaround bets to salvage a rotten year

  • Consumer and tech stocks are regaining favour on upbeat consumption while market intervention threatens gains in commodity producers
  • The repositioning may help funds salvage what has so far been a forgettable year in the mainland and Hong Kong stock markets

Topic |   Hong Kong stock market
A man makes a phone call through the headset in the Lujiazui financial district in Pudong, Shanghai in July 2021. Photo: Reuters
A man makes a phone call through the headset in the Lujiazui financial district in Pudong, Shanghai in July 2021. Photo: Reuters
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