Michael Burry Sees Opportunity to Buy Hong Kong Stocks, Down 4.9% YTD vs. Korean Stocks Up 62%

According to Michael Burry, who posted on X on Friday July 17, now is the time to buy Hong Kong stocks at a discount as the market lags the global AI boom. Scion Asset Management founder Burry stated that as South Korean and Japanese equities, as well as semiconductor ETFs, have outperformed, Hong Kong's cheaper stocks should deliver strong returns.

The Hong Kong Hang Seng Index has declined 4.9% this year amid weak consumer spending. In contrast, South Korea's benchmark index has surged 62%, Japan's Nikkei 225 rose 26%, and the iShares Semiconductor ETF (SOXX) gained 76%. Morgan Stanley has also recommended increasing Hong Kong stock exposure.