China’s Sudden Stock Rally Sucks Money From Rest of Asia Atlantis trimmed Asia long positions to fund China purchases MSCI China Index has climbed more than 30% from a recent low By John Cheng and Eduard Gismatullin October 3, 2024 at 7:00 AM GMT+8 Save Listen 2:20 A strong rebound (https://www.bloomberg.com/news/articles/2024-09-30/chinese-stocks-head-for-bull-market-as-property-rescue-deepens) in Chinese stocks is set to trigger a shift in global portfolios as some investors rush to catch the rally. A wave of money which earlier left Chinese equities (https://www.bloomberg.com/news/articles/2024-10-02/china-back-to-dominating-emerging-markets-as-msci-weight-soars) in favor of stocks from Japan and Southeast Asia is poised to reverse course after Beijing’s latest stimulus blitz, according to market watchers. The shift is already underway: shares in South Korea, Indonesia, Malaysia and Thailand posted net outflows last week while BNP Paribas SA said over $20 billion was withdrawn from Japan’s equities in the first three weeks of September. The nascent rotation may spell the end of a stellar run for Asia ex-China equities, which previously benefited as money managers hunted for better returns outside the world’s second-largest stock market. For much of this year, Taiwan shares got a boost as chipmakers soared while Indian stocks rallied on the back of quickening economic growth. Southeast Asia’s markets were lifted by lower US interest rates. “We are trimming our long positions across Asia to fund China purchases,” said Eric Yee, senior portfolio manager at Atlantis Investment Management in Singapore. “Everyone is doing so. It’s a gooWe are trimming our long positions across Asia to fund China purchases,” said Eric Yee, senior portfolio manager at Atlantis Investment Management in Singapore. “Everyone is doing so. It’s a good policy-driven recovery from rock bottom. You wouldn’t want to miss out on such opportunity.”
The word bazooka has been used for months by analysts and China critics. They say Xi jinping needs to bring out the bazooka.
Well, there were some policy shifts but none that is revolutionary or bazookas , yet, the same analysts have say the bazooka is finally out. Funny thing .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Not too late to make money