Down $4 Trillion, China Faithful Buy Stocks That Hurt Most
- Individuals buy small-cap stocks in attempt to recoup losses
- ChiNext index trades at 71 times earnings after October rally
China Lays Out Its Growth Plan, Will It Succeed?
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Wu Xin says she’s got a sure-fire plan to recoup losses from the $4 trillion selloff in China’s stock market: pile into equities that hurt her the most.
The 28-year-old from Hangzhou has been snapping up shares in China’s small-cap ChiNext Index, undeterred by a tumble earlier this year that erased half the measure’s value in three months.