Moody’s downgraded China’s credit rating from A1 to Aa3 last week. However, there was not much impact to the market. Chinese banks are still very strong as well as real estate tycoons in China. To be honest, Aa3 rating is still very good compare to most of countries in the world. Investors don’t need to be panic over it. Speaking of Asian market, Himax Technologies (HIMX) is one of the companies that attracted my attention. It is a manufacture of display drivers for LCD screens. Most of its market shares are in Asia. Its performance is not particularly impressive in past couple of years. The company has changed its strategy and invested heavily into AR/VR components manufacturing and 3D sensors. AR/VR market is expected to grow to $85 billion by 2020. Personally, AR/VR is going to gain momentum into mass population in the future. You may not see any immediate returns on HIMX. I’m still bullish in the long term.

P.S. I have a position in HIMX

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