Shanghai Stocks Reverse Drop That Followed MSCI Decision: ChartZhang Shidong
China’s stocks jumped the most in two weeks, reversing an earlier loss that came after domestic Chinese equities were denied entry into MSCI Inc.’s benchmark indexes for a third review. “It’s a sharp reversal so there has to be some government intervention,” said Francis Lun, chief executive officer at Geo Securities Ltd. in Hong Kong. “The Chinese government never wants to see the market falling too much.”
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.