Yan Chong: Income Investing Should Not Lose Its Original Purpose; HSBC Turned Trading Stock Will Eventually Correct

Yan Chong says the latest US inflation data came in above market expectations, US stocks fell sharply before rebounding, Hong Kong stocks followed US stocks lower, and last Friday's rebound was weak due to the Chung Yeung Festival long weekend, with the overall mood still poor. He reminds that income investing should not lose its original purpose, and HSBC, having turned into a trading stock, will eventually correct.