China’s stock boom may turn to bust as in 2015, Nomura warns

Quick Summary:

China’s benchmark stock index posted the biggest gain since 2008 on Sept 30, entering a bull market.

HSBC Holdings strategist Alastair Pinder upgraded Chinese stocks to overweight and said it’s “not too late to enter the rally.

Still, Mr Wang says authorities have more instruments they can use to prop of stocks this time around.“New capital market liquidity tools like swap and relending facilities have not debuted yet,” he said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: China’s Measures Market Biggest Index Rally Benchmark Stock Nomura Economy Gain

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 08:34:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22873218

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