A recent article on SCMP revealed that pessimism in Chinese stocks has been the highest amongst foreign investors. The recent fund managers survey by Bank of America Global Research found that fund managers are now more net short on Chinese equities compared to the previous three months, and also are more bullish on the Japanese market. BofA Global Research FMS survey Indeed the Chinese CSI 300 index, which comprises of 300 top companies listed on Shanghai & Shenzhen Exchanges is now down 4.5% in 2024. Over the past 6 months, it is down 14.3%, and past one year down 20.7% Stocks like Alibaba, perhaps a hot favourite among investors here have suffered greatly. Year-to-date Baba is down 12.2%, after paring back some losses on Friday afternoon due to monthly options expiratio
When & Where Will China Stocks Bottom?
China stocks hovered around five-year lows and Hong Kong shares tumbled to their weakest in 14 months, as China's disappointing fourth-quarter growth data deepened worries about the world's second largest economy. -------------------- Any thoughts on the future of Chinese stocks? When and where will they bottom?
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