The Two Sides of the Chinese Market’s Head-Spinning Recovery Rally
Chinese stocks are charging higher. The Shanghai Composite index has climbed over 15% in the last two weeks to highs not seen since 2018 amid improving economic data in China and an apparent slowdown in coronavirus cases.
Some have also ascribed the surge to a degree of government influence. Earlier in July, a Chinese state-owned financial news outlet published a front-page editorial encouraging investors to participate in the “healthy bull market.”
So, can the rally be trusted?
Brendan Ahern, chief investment officer of KraneShares, which offers a suite of China-based exchange-traded funds, saw a lot to like in the Chinese market. Read more…………..
Chart Of The Day
Brendan Ahern, chief investment officer of KraneShares, looks ahead to 2020 and breaks down his company’s suite of China-focused ETFs with CNBC’s Bob Pisani. With Jay Jacobs, head of research and strategy at Global X ETFs, and John Davi, founder and chief investment officer at Astoria Portfolio Advisors.