Chinese stock markets charged forward on Monday even after seeing massive gains in February, and the way forward appears to remain positive, according to several analysts who spoke to CNBC.
Chinese stock markets continued to charge forward on Monday after seeing massive gains in February, and according to some analysts, the outlook remains robust.
In Hong's opinion, the increased sentiment and participation of retail investors in China have given a jolt to the country's markets.Those views were echoed by another strategist, Kevin Leung of Haitong International Securities, who told CNBC in an email that the Chinese domestic markets have"shown strength recently."Firstly, investors now appeared to be "more optimistic" about the direction of U.S.
Secondly, Leung said, capital appeared to be returning to Chinese shares as a result of policies introduced by Beijing to boost the country's currency, stock market and real economy. " MSCI's decision on A-shares' higher weighting will fuel the already cheap A-shares to go higher," said Jackson Wong, associate director at Huarong International Securities. A"significantly higher turnover" in the Chinese markets indicated that a"bull-run is forming," he added.
In particular, Hong pointed to the Chinese property market, which he said was"between a rock and a hard place."
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