Why are Investors Bearish on Chinese Stocks?
Asian stocks rose, paring the worst monthly loss since February, as China shares surged and the dollar maintained strength against the yen amid expectations for higher U.S. interest rates. Chinese stock-index futures plunged by the daily limit before snapping back in less than a minute, the second sudden swing to rattle traders this month. Contracts on the CSI 300 Index dropped as much as 10 percent at 10:42 a.m. local time, recovering almost all of the losses in the same minute. Bloomberg's Sam Mamudi reports and BNP Paribas Senior Investment Strategist Daniel Morris discusses China with "On the Move" host Caroline Hyde.