China Stock Rally Eases as Investors Await More Policy Support
- Volatile equity trading shows that investors remain skeptical
- Sentiment is still choppy, Union Bancaire’s Ling says
This article is for subscribers only.
A rally in Chinese shares slowed after the market jumped in the previous session, underscoring the need for authorities to take more forceful steps to sustain the nascent market recovery.
The benchmark CSI 300 Index closed up 1% after volatile trading during the day. That followed a 3.5% surge on Tuesday. The advance in smaller stocks also eased, with the CSI 1000 gauge climbing 4.5% versus 7% the previous day. The momentum was weaker in Hong Kong, where an index of mainland firms fell 0.8%.