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China stock skepticism gets louder amid world-beating run
The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.
Invesco Ltd., JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings Inc. are among those viewing the recent rebound with skepticism and waiting for Beijing to back up its stimulus pledges with real money. Some are also concerned many stocks are already reaching overvalued levels. https://www.msn.com/en-au/money/markets/china-stock-skepticism-gets-louder-amid-world-beating-run/ar-AA1rOaVt