Is This Why China’s Stock Market Is Up So Much In 2019?

Share to linkedin... [+]China’s mainland equity market is up over 33% this year, making it one of the best-performing stock markets in the world. Despite rumors of tariff escalation, a trade war, sanctions against publicly Chinese tech companies like Hikvision and slower economic growth, China’s A-shares are on a tear. Is Beijing rigging Shanghai and Shenzhen’s stock market?

There are a number or reasons for China gains—global investor’s love for tech companies, and China’s relatively cheap value compared to the rest of the emerging market space. Highlighting these two large caps, it seems China is misallocating some capital. SNP is down 16.3% this year and 23.4% over the last 12 months. By comparison, the U.S. energy sector, as measured by the SPDR Energy Select , is up around 5.4%. Brazil oil firm Petrobras is up 12.5%. Russia’s LukOil is up 40.3%.

Shares in state-owned consumer electronics company TCL Corp are up 81.2% this year and 83.5% over the last 12 months. The U.S. will make corporate subsidies a part of the phase two trade negotiations, which are supposed to begin after the phase one deal is signed in January.

Where is your face?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks rise for a fourth straight day, hit record highsStocks hit record highs as a so-called phase one trade deal between China and the U.S. clears the path higher for Wall Street to end 2019. best recession ever…. trade deal really close?
Source: CNBC - 🏆 12. / 72 Read more »

Why Wall Street sees the stock market on the verge of a ‘melt-up’Analysts at Bank of America Merrill Lynch, led by strategists Michael Hartnett, describe the market as “primed for Q1 2020 risk asset melt-up.” Here’s why. Terrible news for Dems overvalued stocks(bubble) why these numbers only go in one direction...UP!!!!!
Source: MarketWatch - 🏆 3. / 97 Read more »