Representing the major index of Chinese stocks, the csi 300 indexsoared 8.5% on the eve of the national day holiday, surprising market participants.Normally, there is a tendency for profit-taking sales before major holidays. The background is a sense of caution against unexpected events during the holidays. Furthermore, the csi 300 index had risen by 16% in the week leading up to the holiday weekend, creating strong pressure for profit-taking sales. Nevertheless, the sharp rise on the eve of the holiday was due to...
suggesting that many investors are expecting a further rise after the holiday.Given the doubling of trading volume from the previous day, it seems that investors, driven by the fear of missing out (FOMO), are on a buying spree of Chinese stocks.suggesting that many investors are expecting a further rise after the holiday.The reason for the high stock prices is that the Chinese authorities have implemented a series of economic and market support measures.That.
Looking back, since the pandemic, Chinese stocks have significantly lagged behind global stocks, including US stocks, and their valuations have also decreased. If this rebound turns out to be the beginning of a more sustained rise, it could lead to a reevaluation of Chinese stocks. This time,Confirming the economic and market support measures introduced by the Chinese authoritiesIn addition,Outlook on the short to medium-term prospects of Chinese stocksする...