China's Equity Market Is About to Score a Rare and Timely Win
- Domestic shares are on track to beat offshore peers in May
- Outperformance comes just before MSCI includes yuan stocks
UBS Sees EM Earnings Growth at 15%
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For only the third time since 2016, China’s domestic stocks are on track for a monthly gain that outpaces those listed offshore.
While the margin’s narrow, it’s a small win for mainland shares that bodes well for their big debut on MSCI Inc.’s global benchmarks this week. The Shanghai Composite Index is up 1.9 percent in May, on track to halt a three-month losing streak, while the MSCI China Index has gained 1.6 percent.