The Number Every China Stock Investor's Watching
- Shanghai stocks gauge seen heading for psychological support
- Correlation between China, global stocks at five-year high
A Deep Dive Into China's Hold on Global Markets
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Of all the numbers and superlatives used to describe the rout in China’s stock market, the one that is starting to gain more attention is 2,500.
That’s where China’s main stocks gauge, the Shanghai Composite Index, may find a bottom, according to Hao Hong of Bocom International Holdings Co., one of the few who predicted the start and peak of China’s equity boom. He says the gauge would regain its investment appeal over government bonds when it reaches that point. For Shanghai Bingsheng Asset Management, the level will spur the government to marshal its spending power and stand against sellers.