Chinese stock market’s fast and furious April was rooted in fear of a monetary policy turn

The Chinese stock market experienced a “fast and furious” month in April. The market kicked off the month on an optimistic note following the release of stellar Purchasing Manager Index figures. Many investors were hoping for another bull market, but quickly the major stock indices erased almost all the monthly gains towards the end of April. What caused this roller-coaster ride?At first glance, the pullback does not make sense as China reported quite decent gross domestic product growth and…

Source link

Related posts