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China’s CSI 300 Index Pares Losses as Investors Focus on NPC Bloomberg 3/5/2021 Bloomberg News (Bloomberg) China’s main stock benchmark pared most of its early losses, narrowly avoiding a technical correction, as investors hunted for bargains while seeking cues from the National People’s Congress that began on Friday. The CSI 300 index ended 0.3% lower, with liquor maker Kweichow Moutai Co. one of the strongest positive contributors. The gauge is down 9.4% from its recent peak in Feb. 10 as some investors worried about the pace of its gains and as concerns about liquidity tightening and possible asset bubbles emerged. Still, the slump presented a buying opportunity for others. ....
China s top stock funds trashed by US$111B Moutai wipeout Sofia Horta e Costa, Bloomberg News An employee arranges bottles of Moutai baijiu at the Kweichow Moutai Co. factory in the town of Maotai in Renhuai, Guizhou province, China, on Thursday, Dec. 14, 2017. Moutai baijiu s fiery flavor and potential to appreciate in price is driving blistering demand. That in turn has pushed its market value to more than $145 billion, well past British whisky giant Diageo Plc. Photographer: Qilai Shen/Bloomberg , Bloomberg The most popular stock trade in China is unraveling, tarnishing the reputations of some of the countryâs most successful money managers and undermining the outlook for the worldâs second-largest equity market. ....
The most popular stock trade in China is unraveling, tarnishing the reputations of some of the country’s most successful money managers and undermining the outlook for the world’s second-largest equity market. ....
Yesterday Shanghai Composite Index closed down 0.4% at 3606.75, and over at Shenzhen the main benchmark index rose 0.7%, both trading volumes totaled RMB 1.1 trln, up 21.07% from the previous trading day. ....
China Stocks Drop on Concern Over Highest Valuations in Years Bloomberg News, Bloomberg News Morning commuters wearing protective mask ride an escalator in the Lujiazui Financial District in Shanghai, China, on Friday, Oct. 9, 2020. Chinaâs yuan strengthened and stocks rose on mainland exchanges in a positive start to the month for traders returning to work after an eight-day holiday. Photographer: Qilai Shen/Bloomberg , Bloomberg (Bloomberg) Chinese stocks fell the most in almost three weeks, as investors questioned whether the highest valuations in 13 for the CSI 300 Index make sense. The stock benchmark fell 1% at the close on Monday after hitting its highest level since 2008 last week. A measure of consumer staples was among the worst performers on Monday after surging 23% last quarter, the most since early 2019. ....