Looking for a Safer Way to Ride China’s Rally? 4 Consumer Stocks That Gain From Beijing’s Policy Pivot.
- Posted on September 30, 2024
- By Yahoo News
- 1 Views
Looking for a Safer Way to Ride China’s Rally? 4 Consumer Stocks That Gain From Beijing’s Policy Pivot.
Chinese stocks logged their best gains since the 2008-2009 financial crisis as a batch of stimulus and vows for more have forced investors to take a closer look at a part of the market they have largely abandoned in the past year. Skepticism still persists on whether Chinese policymakers will deliver in a big enough way to turn around depressed household and business confidence. The world’s second-largest economy has been sputtering. But there is enough to propel Chinese stocks further in the short term, even after the 25% gain in the index in the past week.