Riot police stand in between pro-China supporters (C) as they shout slogans and gesture towards office workers (not pictured) gathering in support of pro-democracy protesters during a lunch break rally in the Central district of Hong Kong on November 22, 2019. - China on November 21 accused the United States of seeking to "destroy" Hong Kong and threatened retaliation after Congress passed new legislation supporting the pro-democracy movement that has thrown the city into nearly six months of turmoil. (Photo by NICOLAS ASFOURI / AFP)
HONG KONG: Even as Hong Kong stocks tumble, some investors are having a hard time turning down what they see to be a good deal.
Bargain hunters are braving the uncertain outlook in Hong Kong for opportunities to buy stocks on the cheap. The Hang Seng Index fell 1.6% Thursday, trading at just 10 times projected earnings, with about half of its members setting new four-week lows. Shares of commercial landlords like Wharf Real Estate Investment Co. or Link REIT have fallen at least 19% from their peaks this year.
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