Whatever it takes, China
by Lorenzo La Posta, CFA
This is not the first time I have written about Chinese equities and loyal readers will remember last August, when the media were calling it an “uninvestable” market, we were finding pockets of value and interesting opportunities. This year, a new wind is blowing under the Red Dragon’s wings.
But let’s rewind the tape and press play on February 2021. Valentine’s Day had just gone, the stock market was at a peak, but no one knew what was coming
- Global equities fell -1.4% last week
- President Macron is set to face far-right rival Marine Le Pen in the second and final stage of the French presidential election in two weeks’ time
- Brent crude fell -1.5% over the week to $102.8 a barrel
- Gold returned +1.1% to $1947.5 per ounce