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They Are Buying Hong Kong Stocks

A bronze sculpture of a bull is seen outside the Hong Kong stock exchange. Photo: Warton Li

Hong Kong’s Hang Seng Index ended the month as the worst performer in worldwide markets as August marked the city’s third consecutive month of economy-roiling protests. The index dropped 7.4% in August, but mainland Chinese traders were unperturbed, taking advantage of Hong Kong’s cheap equities and buying stocks every day of the month through Friday. Mainland investors have spent $8.9 billion buying shares in Hong Kong over the last six weeks, Fortune Newsletter notes. Yes, as Hong Kong protects, some savvy investors are buying the beaten-down equities in its exchange. This is the reason why some people just know how to make money!