China’s equities and its currency have more room to rally in the near-term as multiple securities are about to be added to global indexes or to have their weighting increase, presumably leading to capital inflows that could deliver a boost to the local market, an Oxford Economics strategist said.
“Like with most global risk assets, the recent pace of gains was unlikely to be sustained and a pause was healthy,” but Saroliya said the momentary retreat is unlikely to derail what he perceives as a bullish, near -term momentum for China assets.
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