China’s Rebound in Household Savings Poses Risks for Stock Rally

Chinese households ramped up their cash holdings last month in a sign that they’ve begun shying away from local stocks just as the market is challenged by renewed trade tensions.

Household savings rose by 2.96 trillion yuan ($415.5 billion) in September, the most since March, according to data released by the People’s Bank of China late Wednesday. The pace of increase was higher than that in the same month last year.