CXSE - Rescue in the works? China stocks in rally mode after hitting five-year low
2024-02-06 05:22:46 ET
Hopes are building for a rescue of Chinese stocks after a drubbing that erased $7T from mainland equities and shares in Hong Hong since their peaks in 2021. An expected rebound from strict zero-COVID measures has failed to materialize, prompting policymakers to consider new ways to stabilize the stock market, with risks to consumer confidence threatening another downward spiral. "China's equity market followed up a very weak 2023 with another 10% loss in the first three weeks of 2024," Principal Financial Group noted in a new SA article, China Outlook: Market Rescue Welcomed, But More Needed ....
Rescue in the works? China stocks in rally mode after hitting five-year low