China Stock Investors Pin Hopes on Revival After Brutal August
- Attractive valuations one reason for bulls to be optimistic
- Stocks may start rising from September: Shenzhen Sunrise
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August may just have marked the darkest hour before dawn for China’s battered equity markets, with some investors saying that Beijing’s recent efforts to boost confidence will bear fruit in the coming days.
The CSI 300 Index, benchmark of onshore Chinese shares, lost 6.2% this month to cap its biggest decline October. Down over 8% each, Hong Kong’s benchmark Hang Seng Index is currently August’s worst performer in 92 global equity gauges tracked by Bloomberg. Cheaper valuations and bets of more stimulus measures are giving bulls reasons to be optimistic again.