Some stock trades betting on the China reopening theme have lost traction amid a flare-up in Covid-19 cases across the country. Photo: Reuters
Some stock trades betting on the China reopening theme have lost traction amid a flare-up in Covid-19 cases across the country. Photo: Reuters

Citic, CICC and Haitong’s calls for a sustained China stock market rebound fail to enthuse investors amid unrest

  • While brokerages expect the fine-tuning of Covid restrictions to provide momentum, traders are reluctant to make further bets after an initial bout of excitement
  • A CSI 300 sub-gauge of consumer-discretionaries and staples has dropped at least 2.5 per cent since November 11, when pandemic-control guidelines were announced

Some stock trades betting on the China reopening theme have lost traction amid a flare-up in Covid-19 cases across the country. Photo: Reuters
Some stock trades betting on the China reopening theme have lost traction amid a flare-up in Covid-19 cases across the country. Photo: Reuters
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