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Chinese stocks will likely climb by at least 10% as authorities signal concerted support efforts, said Marko Papic, chief strategist at Clocktower Group.
Chinese stocks will likely climb by at least 10% as authorities signal concerted support efforts, said Marko Papic, chief strategist at Clocktower Group.
Chinese stocks have given up much of their recent gains as investors debate whether the bottom is really in.
From hope to hesitancy and now total capitulation, global investors in China are heading for the exits in the world’s second-biggest economy and sending its stock market crashing.
Chinese Premier Li Qiang went to the World Economic Forum in Davos last week with a mission to present a positive image of the economy and schmooze financial elites: Investing in the Chinese market is... -January 24, 2024 at 04:13 am EST - MarketScreener