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[$$] China Selloff Casts Foreigners in Unusual Role as Market Bulls
A dismal year for China’s stock markets has given rise to an unusual situation: Foreign institutions seem more optimistic about prospects for the country than local investors. Overseas money has poured into Chinese equities this year via a trading link with Hong Kong, despite a 16% decline in Shanghai stocks that has made it one of the world’s worst-performing major markets. “There is a rare dynamic right now, with foreign investors more positive on Chinese stocks than local investors,” said Kinger Lau, chief China equity strategist at Goldman Sachs in Hong Kong.
https://finance.yahoo.com/m/b87500e...36c54/[$$]-china-selloff-casts.html?.tsrc=rss
A dismal year for China’s stock markets has given rise to an unusual situation: Foreign institutions seem more optimistic about prospects for the country than local investors. Overseas money has poured into Chinese equities this year via a trading link with Hong Kong, despite a 16% decline in Shanghai stocks that has made it one of the world’s worst-performing major markets. “There is a rare dynamic right now, with foreign investors more positive on Chinese stocks than local investors,” said Kinger Lau, chief China equity strategist at Goldman Sachs in Hong Kong.
https://finance.yahoo.com/m/b87500e...36c54/[$$]-china-selloff-casts.html?.tsrc=rss
