The CSI 300 Index has surged more than 25% since its April lows, fueled by enthusiasm over artificial intelligence and Donald Trump’s softer rhetoric on China
An analysis by Bloomberg Economics shows compared to 2018-2019, when Trump’s tweets on trade and tariffs sent shock waves through global financial markets, there’s less such correlation now.
Beijing’s stimulus efforts may not be enough to win over battered foreign investors
Bad news continues to trickle out from the Chinese market as the Hang Seng maintains its downtrend, and the recent election that ensured a third term for President Xi Jinping does not seem to have inspired much confidence. But savvy investors sense an opportunity in all of this, even as sceptics abound.
The Chinese stock market, which saw its worst weekly performance last week since August, trimmed early gains and was back in negative territory as ongoing investigations into brokerages on short-selling and speculation charges hurt sentiment.
The Shanghai composite closed down 5.5 percent, the worst day since the turmoil in August, on news regulators have launched probes into several brokerage firms and Chinese industrial companies' profits fell 4.6 percent in October.
Two years into the term of Reserve Bank of India (RBI) Governor Raghuram Rajan, the rupee has shrugged off its taper tantrum, inflation is tamed, and India has lifted foreign investment limits to confidently face the Fed's first rate rise since 2006.
According to Irene Cheung of ANZ Research, it is obvious that India is affected or impacted more by domestic cues than global issues.
Emerging markets have seen record outflows, according to new data from fund flow tracker EPFR Global, which showed that funds from the region this week were hit with the worst outflows since 2008.