Everything Is Suddenly Going Right for China’s Stock Market
- Property and Covid easing, reduced tensions with US boost mood
- Hang Seng China gauge entered bull market on Monday, HSI today
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After being the world’s worst performer for much of this year, a key index of Chinese stocks is the biggest gainer so far in November.
From Covid controls to the property crisis and even US-China relations, the tide seems to be turning on all the major issues that have hammered the equity market in the world’s second largest economy for almost two years. The fear of missing out on what’s shaping up to be an epic rebound has triggered a buying frenzy.