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Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

<ul>
<li>HK markets fell to 13-year lows as President Xi solidified his hold on power, raising concerns for private businesses that have already struggled with harsher regulation</li>
<li>Softbank looks smart for its early settlement of Alibaba-linked derivative contracts in August as political worries have shares testing new lows</li>
<li>But exposure remains with Alibaba's 12% decline equal to $3.3bn (¥485bn) in lost value. Shares have rallied throughout October but China news appears to have stalled the move</li>
</ul>


HK markets fell to 13-year lows as President Xi solidified his hold on power, raising concerns for private businesses that have already struggled with harsher regulation
Softbank looks smart for its early settlement of Alibaba-linked derivative contracts in August as political worries have shares testing new lows
But exposure remains with Alibaba's 12% decline equal to $3.3bn (¥485bn) in lost value. Shares have rallied throughout October but China news appears to have stalled the move


Softbank Group - Another China Shock as Markets Fret over Macro Environment