"The participation of local investors after the National Day holidays is key," said Daniel Lam, highlighting the crucial role of local investor sentiment in driving the market.
"Overall, valuation levels are still depressed and Chinese equities are still offering an approximately 19% discount to Asia ex-Japan equities," Lam noted, indicating potential for future gains.
Earnings surprises and further stimulus could keep the rally going, predicts Sonija Li, as several Chinese companies are set to release earnings reports this month.
Since the stimulus measures were announced, the CSI 300 is up 24%, showing positive momentum that could continue with local market participation.
Collection
[
|
...
]