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Are Chinese Shares Set for a Bull Run? Last year s top-performing stock market worldwide has been a disappointment since setting an all-time high in February. Could it have just turned? Stocks quotes in this article: PFE, BNTX Chinese shares have underperformed for all of this year, in fact since last November, even as they reached a record high. Regulators have dented faith in Chinese tech companies by challenging them over monopolistic practices. The authorities are dolling out fines company by company in what was China s hottest sector. Policymakers have also resumed their wringing to squeezing excessive leverage out of the Chinese system. But most of all, China is suffering a crisis of consumer confidence. What would make that turn? ....
MUMBAI: With benchmark equity indices rising for the third successive week, the longest such streak since January, signs are emerging that investor concerns over the second Covid-19 wave are steadily receding, said analysts. The sentiment is borne out by the fact that India VIX, also known as the fear gauge, nosedived 10 per cent during the week and nearly reversed the 11 per cent surge seen in April. The buying momentum seen this week in shares of metals, corporate loan-focused banks, state-owned banks and the outperformance of smallcap stocks further indicated that risk appetite of investors remained strong. The tentative optimism in the market is being buttressed by mathematical models that suggest that the peak of the current wave, which has devastated the country, may come by the end of this month. Global rating agency S&P Global Ratings, earlier this week, said that if cases do peak in May then the impact on the economy will be fairly limited. ....
Economic recovery to begin again in next quarter: S&P SECTIONS Share Synopsis The upward trend in the shape of India’s recovery seen over the last two quarters from October to March would be punctuated by a dip in the first quarter of the current fiscal year “where economic activity has a decent chance of contracting,” Vishrut Rana, Asia Pacific economist at the global rating agency, said in a virtual conference on Friday. S&P Global Ratings has said it expects India’s economic recovery to begin to take hold once again in the next quarter after a dip during April-June as the country would be past the peak of the resurgence in Covid-19 cases. ....