Chinese Stocks May Snap First-Day NPC Losing Streak on AI Bets
- MSCI China Index dropped on first NPC day for past five years
- Optimism over tech and private sector has boosted shares
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As Chinese officials gather for the biggest political huddle of the year, investors are optimistic that stocks will break a losing streak on the first day of the event.
The MSCI China Index declined on the first trading day of the National People’s Congress for the past five years, falling between 4.5% and 0.3%. Newly found hopes for the nation’s tech industry and the private sector have changed the equation. The gauge has gained 21% from a low in January, and investors are betting there’s more to come.