Chinese stocks could hedge US tech crash Hang Seng IndexHSI:HSIquickshiftinnChinese stocks broke their loose correlation to US equities in 2021. US tech stocks may or may not be in a bubble, but if they are Chinese stocks could be attractive. The 2008 crash in the US was viewed as a major relative leap for China, because their citizens are generally savers (setting aside the reasons for those savings lol). They were able to weather the storm then and guess what, they're all padded with cash again because of the domestic deflationary storm right now.