China’s sudden stock rally sucks money from rest of Asia

Quick Summary:

A strong rebound in Chinese stocks is set to trigger a shift in global portfolios as some investors rush to catch the rally.

Even with the recent rally, the MSCI China gauge is still trading at 10.8 times forward earnings, below its five-year average of 11.7 times.

The MSCI China Index has risen more than 30% from a recent low as authorities announced a barrage of measures to revive growth.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIndiaIndonesiaJapanSouth KoreaSingaporeTaiwanThailand

Topics: Asia Equities /Business/Business News MSCI Markets Rally Interest rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 15:34:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22859969

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 27 minutes ago

Coverage Areas: Malaysia

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