Latest Breaking News On - Hong kong listed tencent holdings - Page 1 : comparemela.com

Mar 17, 2021 While global investors worry whether they are well positioned for the return of inflation, the Chinese aren’t concerned. They believe recent experience has identified the kinds of stocks that will be heavy hedges against surges in the cost of living. And so, if anything, they’ve perhaps binged too much on eating and drinking. While the U.S. market is dominated by the FAANG stocks the five technology giants that account for over 20% of the S&P 500 Index Big Food (and Big Liquor) seem to be the market indulgences of the Chinese. The CSI consumer staples index almost doubled from a year earlier. Muyuan Foods, a pig farmer, rose 88%. Meanwhile, soy sauce maker Foshan Haitian Flavoring & Food Co. boasts a higher market value than state-owned oil producer CNOOC Ltd.

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