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Financial expert analyzes Hu Xijin's losses on the Shanghai Stock Exchange
According to a report by www.faz.net, Hu Xijin, a well-known propagandist and former editor-in-chief of the Global Times, has invested around 62,000 euros in the Shanghai Stock Exchange in recent months. Despite his belief that the market would not fall further, he recorded losses of around 7,500 euros. His portfolio and the exact stocks in which he has invested are not known. However, Hu is financially capable of absorbing these losses. The effects of such a case on the stock market can be diverse. Due to Hu Xijin's wide popularity and his online presence, where he regularly provides updates about his...
Financial expert analyzes Hu Xijin's losses on the Shanghai Stock Exchange
According to a report by www.faz.net,
Hu Xijin, a well-known propagandist and former editor-in-chief of the Global Times, has invested around 62,000 euros in the Shanghai Stock Exchange in recent months. Despite his belief that the market would not fall further, he recorded losses of around 7,500 euros. His portfolio and the exact stocks in which he has invested are not known. However, Hu is financially capable of absorbing these losses.
The effects of such a case on the stock market can be diverse. Given Hu Xijin's wide profile and his online presence, where he regularly posts updates about his portfolio, his losses could hurt investor confidence in the Chinese market. Furthermore, its case can serve as an example of the uncertainty of the Chinese market, which could potentially lead to further downward movement of the SSE Composite.
It is important that investors do not overvalue such individual cases and base their investment decisions on sound analysis and not on individuals. Nevertheless, such cases highlight the volatility and uncertainty of the Chinese market and may lead to short-term changes in market sentiment.
Read the source article at www.faz.net