China Stock Euphoria Fading as 58% of Investors Say Rally Over
This article is for subscribers only.
China’s world-beating stock rally is over, according to the latest Bloomberg Global Poll.
Fifty-eight percent of the survey’s 481 respondents said the Shanghai Composite Index will either decline or remain little changed over the next six months after posting a 55 percent advance since June. Only 30 percent said the gauge will extend gains. The number of poll participants that picked China as among the best opportunities for investing fell by almost half from the fourth quarter to just 13 percent.