Lyxor Asset Management in its weekly briefing pointed out the recent surge in Chinese equity indices of 15% in July.
They said the rally is unfolding in extreme trading volumes that is fed by strong domestic and foreign capital inflows. In part officials say that China’s restarting of its economy has positively surprised investors as the resurgence of coronavirus infection cases has proven to be manageable so far.
“Equity markets are also benefiting from strong macro liquidity, a large part of which resulted from Chinese authorities’ targeted but continued stimulus,” wrote Lyxor’s research . . .
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