Bullish China Stock Signals Evaporate After MSCI Denial: Chart

MSCI's Surprising Blow to Chinese Stocks

MSCI Inc.’s decision this week not to include mainland Chinese stocks in its global indexes has accelerated a momentum shift in the market. About 3 percent of the Shanghai Composite Index’s members are now flashing buy signals, down from two-thirds at the start of this month, moving average convergence-divergence data show. The benchmark gauge has been trading near the lowest levels since 2014 after tumbling as much as 25 percent this year.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE