China’s Love of Construction Keeps Fueling Infrastructure Stocks
- CSI 300 infrastructure gauge is outperforming benchmark index
- Traders bet on state spending for projects to support economy
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China’s infrastructure stocks are back in vogue and defying the broader market’s decline this year on bets that government spending will support the sector.
The CSI 300 Infrastructure Index has advanced more than 5% this year to an almost three-year high versus a 6% drop in the mainland’s broader gauge, which entered a bear market last month.