Chinese equities will probably break out of a trading sideways pattern in the fourth quarter, as the recovery from the pandemic gathers pace. Photo: Reuters Chinese equities will probably break out of a trading sideways pattern in the fourth quarter, as the recovery from the pandemic gathers pace. Photo: Reuters
Chinese equities will probably break out of a trading sideways pattern in the fourth quarter, as the recovery from the pandemic gathers pace. Photo: Reuters

Stocks

Business /  Markets

China’s stock market approaches 2018 peak on recovery tonic as valuation hurdle evokes 2015 pain

  • Benchmark index may test the January 2018 peak as economy and earnings rebound, but psychological valuation hurdle is on the horizon
  • Schroder anticipates a further run-up on smaller companies, while China Merchants Securities says it is time to shift to tested old-economy stocks

Topic |   Stocks
Zhang Shidong
Zhang Shidong in Shanghai

Updated: 11:02pm, 19 Oct, 2020

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Chinese equities will probably break out of a trading sideways pattern in the fourth quarter, as the recovery from the pandemic gathers pace. Photo: Reuters Chinese equities will probably break out of a trading sideways pattern in the fourth quarter, as the recovery from the pandemic gathers pace. Photo: Reuters
Chinese equities will probably break out of a trading sideways pattern in the fourth quarter, as the recovery from the pandemic gathers pace. Photo: Reuters
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