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Buy-the-Bottom Calls on China Get Louder as Shanghai Reopens

From bnnbloomberg.ca

Investors are trying to get ahead of any good news in China, as the lifting of a lockdown in financial center Shanghai eases pressure on a struggling economy. A three-times leveraged China stock ETF saw a record volume surge Tuesday, almost six times the daily average. Data Monday showed overseas investors snapped up $2.5 billion worth of Shanghai and Shenzhen shares last month and hedge funds look to have covered their short positions after being wrongfooted by a brief rally in mid-March. The renewed interest in Chinese equities is helping fuel a nascent rebound from a bruising start to the year, when Covid ... (full story)

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  • Category: Fundamental Analysis