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BofAS Warns of Major CN Equity Mkt Correction, Soon Repeating 2015 Mkt Crash
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BofA Securities issued a report saying that China's equity market rally may be on the verge of a major correction, and suggesting that the current trend is similar to the 2015 cycle. The Hang Seng China Enterprises Index (HSCEI) and the MSCI China Index have soared at least 30% since their lows in mid-January, which is similar to the gains seen in 2015 before the market tumbled. After peaking in May 2015, the HSCEI dived nearly 50% through February 2016 and has yet to return to that high. AAStocks Financial News |
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