Caixin
Dec 28, 2022 03:47 PM
OPINION

Fisher: Underappreciated Positives Are Growing for Chinese Stocks

Photo: VCG
Photo: VCG

Is the rally real? Last month I told you the biggest risk Chinese investors faced was being out of stocks. With sentiment so depressed, nearly anything would constitute a positive surprise. The sharp rally since — up 33% from the Oct. 31 low as I type—illustrates the point perfectly. No one can be sure this is a new bull market beginning. But ample positives in China and globally amid widespread sour sentiment suggest the gap between dim expectations and brightening realities is wide — fuel for any recovery. Let me show you.

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