Hong Kong is well-known for its vibrant and energetic stock market. As with any other stock market, many stocks are more popular than others. We will look at some of the most popular stocks in Hong Kong. These stocks offer significant growth but also tend to be more volatile, so if you’re looking to trade in the cosmopolitan city, including these stocks on your watch list.
Some of the most popular stocks and their recent performance
Let’s look at some of the popular stocks at the moment.
Tesla (TSLA)
Tesla is one of the most popular stocks in Hong Kong. The stock has been on a tear in recent months, rising from around HK$400 in October 2020 to over HK$2,000 in February 2021. It represents a gain of over 400%. Tesla is a leading electric vehicle manufacturer, and its products are very popular with consumers. The company has also been investing heavily in solar energy, another area growing in popularity.
Nvidia (NVDA)
Nvidia is another popular stock that has recently seen substantial gains. The stock rose from around HK$600 in October 2020 to over HK$3,000 in February 2021, representing a gain of over 400%. Nvidia is a leading manufacturer of graphics cards and other computer components. The company’s products are used in various applications, from gaming to artificial intelligence.
Amazon (AMZN)
Amazon is another big name gaining popularity in the stock world. The stock rose from around HK$3,000 in October 2020 to over HK$7,000 in February 2021, representing a gain of over 133%. Amazon is one of the world’s leading e-commerce platforms and provides cloud computing services. The company has been expanding rapidly in recent years, and its products are very popular with consumers.
Facebook (FB)
Facebook is another social media giant that has seen its stock rise in popularity. The stock rose from around HK$200 in October 2020 to over HK$700 in February 2021, representing a gain of over 250%. Facebook is the world’s largest social media platform and has a vast user base. The company has invested heavily in new products and services, such as its Oculus virtual reality headset.
Alibaba (BABA)
Alibaba is another Chinese tech giant that has seen its stock rise in popularity. The stock rose from around HK$100 in October 2020 to over HK$400 in February 2021, representing a gain of over 300%. Alibaba is one of the world’s largest e-commerce platforms and provides cloud computing services. The company has been expanding rapidly in recent years, and its products are very popular with consumers.
These are just some of the most popular stocks in Hong Kong. Make sure you keep an eye on these stocks if you want to trade in the Hong Kong market.
How to trade stocks and what risks are involved
Now that we’ve looked at some of the most popular stocks let’s look at how to trade them. They tend to be more volatile than other stocks, making them riskier. However, this also means that there is the potential for greater profits if you can predict their movements correctly.
When trading stocks, it’s crucial to use stop-loss orders to limit your losses. A stop-loss order is an order that automatically sells your stock when it falls to a specific price, and this ensures that you don’t lose more money than you’re comfortable with.
It’s also important to remember that stocks can be subject to sudden and large swings in price. It means that you could make a profit one day and then lose money the next. For this reason, it’s important to only trade with money you can afford to lose.
If you’re thinking of trading stocks, then make sure you do your research and understand the risks involved and check out Saxo Hong Kong. They can be a great way to make money, but they can also be risky. Make sure you know what you’re doing before you start trading.
