Chinese stocks are underperforming compared to other emerging markets, with mixed economic signals

From BNN Bloomberg: 2024-05-23 06:28:40

Chinese stocks are falling, underperforming compared to other developing-nation peers. Traders anticipate a need for stronger stimulus for market gains. China’s economic recovery shows mixed signals, with retail sales slowing and house prices falling. Short sellers in the US are betting against China. Investors await government easing measures.

Alibaba plans to raise $5 billion through convertible bonds. Chinese technology stocks suffer losses while Taiwanese and Korean semiconductor companies gain. The dollar remains stable amid uncertainty following Federal Reserve revelations. South Africa’s rand sees the worst performance among emerging-market currencies. Bond market shows nervousness.

Investors focus on political risks as countries like South Africa, India, and Mexico prepare for elections. Wall Street investors predict a potential rally in South African assets post-election. Amid the global economic climate, market volatility remains a key concern for investors.



Read more at BNN Bloomberg: Chinese Stocks Trail EM Peers Again as Stimulus Rally Fades