Investors in Chinese equities are becoming increasingly greedy as efforts by policy makers to stabilize the stock market gave a boost to confidence.
The so-called Fear and Greed indicator, a measure of buying strength versus selling strength, for the CSI 300 Index rose to its highest level since last January, suggesting the gauge may enter a period of strength. The benchmark has gained almost 1% so far this year, after posting an unprecedented third year of losses in 2023.
Sentiment has been buoyed by a slew of supportive measures, including a ban on reducing equity holdings at the open and close of each trading day and tighter supervision of quantitative trading.
Written by: Bloomberg News — With assistance from John Liu and Lin Zhu @Bloomberg
The post “Greed Returns to China’s Stock Market as Policy Buoys Confidence” first appeared on Bloomberg