Market Views: Have Chinese equities reached the bottom and set for a comeback?
The worst might be over, but we are not at the end of the tunnel just yet. Are we seeing a bumpy road upward? Wait until it’s about fundamental changes rather than a sentimental bounce, fund managers say.
Recent Chinese equities trading, both onshore and offshore, could look very sentimental – it plummeted dramatically in the week of October 24 right after the Communist Party of China unveiled its new seven-strong core leadership group, but then rallied off the cheap valuations fueled by rumours that Covid restrictions might ease.
In the week of October 31, cheered by news that China increased the number of international flights and rumours that the top leadership is considering ex…
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