3 Top Chinese Stocks to Watch in July
Many Chinese tech stocks have lost their luster over the past year. China's antitrust regulators and censors aggressively cracked down on the country's top tech companies, while U.S. regulators threatened to delist shares of Chinese companies that didn't comply with tighter auditing rules.
I wouldn't recommend buying any Chinese stocks before those headwinds wane, but investors should keep an eye on three big names this month to see where this out-of-favor sector might be headed.
After Alibaba's antitrust probe ended with a record $2.75 billion fine in April, all eyes turned toward Tencent (OTC: TCEHY) as the next potential target. Tencent dominates China's mobile messaging, video game, and streaming media markets.
Source Fool.com
