Chinese Stocks Flirt With Correction as Investor Patience Wanes

-- Chinese stocks fluctuated in early trading Wednesday in a sign of growing disappointment over the pace of stimulus rollout.What It Takes to Make City Solutions Go Viral

“This historic surge in momentum at the end of September is of course unsustainable, and given how fast markets rose, it can fall equally fast,” said Marvin Chen, a strategist at Bloomberg Intelligence. “But overall policy actions are moving in the right direction at a quicker pace and when the dust settles, China equities may still trade in a higher range than before.”

The next key event is a press briefing by the housing minister on Thursday, where authorities may provide more details of measures to support the country’s slumping property sector and bolster economic growth. Any disappointment from that event may reignite a selloff.

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