Burry Calls Hong Kong Stocks a Bargain as AI Rally Skips Them

Michael Burry said Hong Kong stocks are undervalued and urged investors to hunt for bargains while global peers ride the AI rally. The comment from the investor known for betting against the U.S. housing market in 2008 puts a spotlight on the discount in Chinese tech shares.

JD.com, the e-commerce company listed in Hong Kong, is one of the names that could benefit from a value rotation, Burry said. The Hang Seng Index has lagged the S&P 500 by a wide margin this year, leaving Chinese tech stocks at lower multiples.

Burry's remarks add to a growing chorus of value-oriented investors looking at Hong Kong-listed equities as the AI-fueled rally bypasses the region.