KraneShares CIO Brendan Ahern joins Morning Brief to discuss how investors can best play the China stock rally.
Ahern adds that KWEB is still 70% below its historical average in terms of its one-year forward P/E , which shows"how depressed the evisceration of Chinese equities is as an asset class." Thus, he believes there is a lot more upside to China stocks, and believes the rally can continue.
Then from here you talk about how investors should be thinking about those two markets a little bit or maybe how they do think about those two markets a little bit differently.At least when you take a look at the hangs and the fact that we've, I think it's at what, 27 30% over the last month or so, is there much more room to the upside at this point?
So is what's true and what we've seen for stocks that are specifically either listed in China or primarily operate within the region, also true for the companies us based even that have large revenue exposure to China. Five people have been injured after a car ploughed into a group of pedestrians in Birmingham city centre. Emergency services were called to Livery Street after five men were mown down at 3.13am today . One victim suffered "multiple serious injuries" while four others were treated for "potentially serious injuries" and were also taken to hospital.
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