China Stocks’ Insipid Reopen Adds Pressure on Beijing to Do More
- A number of ETFs tracking onshore shares saw turnover spike
- Chinese stocks in the US, HK rose while mainland was shut
This article is for subscribers only.
Chinese stocks reopened after the Lunar New Year holidays with less of a bang than investors had hoped for, suggesting buoyant travel and spending data alone aren’t enough to dispel concerns over the broader economy.
A jump in tourist trips, box office ticket sales and Macau casino visitors had fueled bets that the benchmark CSI 300 Index would rally hard, just as Chinese shares listed in Hong Kong and the US did when mainland markets were shut Feb. 9-16.