The two HK utility stocks that I own (6823 HKT and 2638 HK Electric) have been my best performing stocks this year. Both have weathered the political and health shitstorm of the last 12 months quite well and are actually up for the year.
But balance is key. You need a couple of tech stocks, banks, REIT's, overall don't hold too many (less than 10 should be enough) and then bob's your uncle.
I read this article a couple of weeks ago and it really altered my perspective....wish I'd read it when it was published!
https://www.morningstar.co.uk/uk/new...e-tragedy.aspx