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China Stocks Rebound as Concerns Over Fed Rate Hike Ease

From bnnbloomberg.ca

Chinese stocks staged a sharp rebound as optimism that the Federal Reserve will pause interest-rate hikes in June helped rekindle risk sentiment. The Hang Seng China Enterprises Index rose as much as 4.3%, the most in three months, led by property and technology companies. The Hang Seng Tech Index, whose members are mostly growth names that usually benefit from a lower US rate, added as much as 4.9%. The rally comes after weeks of selloff that saw the HSCEI gauge tumble into a bear market on disappointing economic data and rising Sino-American tensions. While most of the worries over China remain, sentiment took a ... (full story)

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  • Category: Fundamental Analysis