Strong Earnings Season Fails to Lift China’s Range-Bound Market
- CSI 300 has been stuck in a narrow range since early March
- Traders still cautious on liquidity condition, regulation
This article is for subscribers only.
For China’s equity investors, a bullish outlook for corporate earnings hasn’t been enough to boost sentiment in a market still weighed by liquidity concerns.
The CSI 300 Index has been stuck in a narrow range for weeks, and investors stayed cautious heading into the Labor Day break that runs through May 5. A measure of turnover is near its lowest in nearly six months.