Mobius Says China's Irrational Stock Market Is Creating Bargains
- Hang Seng China Enterprises valuations are near record lows
- All but one stock traded on the index have fallen this year
Hidden Gems: Is It Time to Buy China H-Shares?
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When Mark Mobius looks at the wreckage of Chinese stocks traded in Hong Kong, he sees bargains.
The Hang Seng China Enterprises Index plunged 49 percent from its May high through last week, sending valuations to record lows, as concern over China’s economic slowdown and heavy-handed state intervention in mainland financial markets spurred outflows.