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Cheap China Stocks Lure Investors Who See 60% Slump as Rock Bottom

(Bloomberg) For some, a slump of almost 60% is a signal to buy Chinese stocks.Most Read from BloombergQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIran Sends Warship to Red Sea After US Sinks Houthi BoatsIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesMaersk Halts Red Sea Shipping as US Navy Sinks Houthi BoatsUS Pushed Dutch Maker of Chip Equipment to Block Chinese Sales Before DeadlineAlmost a third of 417 respondents to Bloomberg’s latest Markets Live Pulse surve ....

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Analysis-Some fund managers see merit in China's deeply discounted stocks

After months of steering clear of China, global asset managers and hedge funds say they are seeing tentative signs of a recovery on the mainland and value in the country's depressed stock markets. While foreign inflows only point to a tepid commitment from these funds so far, the rhetoric is changing as asset managers point to volatility in U.S. stocks and sudden policy impetus in China as reasons to return to the country. U.S. asset manager Fidelity International is highlighting China's looser monetary policy and the government's recent 1 trillion yuan ($137.10 billion) borrowing-and-spending sovereign bond plan as a tailwind for the country's stock markets. ....

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