China Markets Fight Back as Virus Lays Rest of Global Stocks Low
- Mainland stocks have “already priced in” virus impact: TIAA
- Shanghai Composite Index has risen about 9% since February low
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American stocks are having their worst run in years. An unlikely source of solace may be China, where prices staged a stirring rebound.
Markets there are way above the bottom of their virus-induced swoon, faring better than U.S. counterparts. Surprised? Chinese officials have for weeks been dispensing stimulus to shore up the world’s second-largest economy. Other countries are just now starting to face up to the fallout.