From BNN Bloomberg: 2024-05-09 20:31:40

China’s stock rebound is supported by positive technicals, fund flows, and improving earnings outlook. The rally in CSI 300 Index has broken key resistance levels, with overseas investors returning and analysts revising profit forecasts. The recovery in Chinese shares could have broader implications for emerging-market assets. Positive signs include technicals, favorable fund flows, improved earnings outlook, and signs of a possible bottom being reached. Previous lows have been followed by increased earnings estimates. Analysts are optimistic about the market’s risk/reward profile.



Read more at BNN Bloomberg: Chinese Stock Positives Are Growing as These Four Charts Show