- The former China strategist at Bocom International Holdings was active again on Twitter, Inc (NYSE:TWTR) with a forecast on the Nasdaq index, just days after he exited the state-owned brokerage following a ban by Chinese social media, Bloomberg reports.
- Hong Hao posted a chart on Twitter that compared the Nasdaq's bubble in 2000 to its latest performance to imply that the gauge might have peaked.
- Hong also changed his profile description on his profession to ex-Bocom on Twitter, where he has nearly 28,000 followers.
- Also Read: JPMorgan Downgrades Alibaba and Other China Tech Stocks Following Selloff; Calls It "Uninvestable" For Next 6-12 Months
- Tencent Holding Ltd's (OTC:TCEHY) WeChat and Weibo Corporation (NASDAQ:WB) suspended Hong's accounts recently.
- The suspension followed Hong's recent bearish reports on the country and U.S. listed Chinese stocks like Alibaba Group Holding Limited (NYSE:BABA), NIO Inc (NYSE:NIO), and Tencent Holding Ltd (OTC:TCEHY).
- Hong later left Bocom after spending a decade at the firm.
- China has censored social media posts related to its lockdowns.
- The benchmark CSI 300 Index fell to a two-year low last week and has slumped 21% in 2021, making it one of the world's worst-performing equity gauges.
- However, the state-run media continues to publish articles projecting confidence in markets.
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Chinese Analyst Who Projected Bearish Reports On Alibaba And Other Chinese Stocks Returns To Twitter
Alibaba
Nasdaq
NYSE
Hong Hao
Tencent Holding Ltd
China
United States
Alibaba Group Holding Limited
JPMorgan
Nio Inc
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