The investor said interest may shift toward Hong Kong shares as enthusiasm for South Korea, Japan and the SOXX semiconductor sector fades, after earlier disclosing a larger JD.com position.
Michael Burry said Hong Kong stocks offer low-priced opportunities, highlighting lower-valued shares that could benefit if capital rotates away from South Korea, Japan and the SOXX semiconductor sector. Earlier this month, he said he had increased his JD.com position. Morgan Stanley has also recommended overweighting Hong Kong equities, citing earnings prospects in part. The comments point to a potential rotation trade, where investors move from recently favored markets or sectors into areas seen as cheaper or less crowded.