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G Sachs: CN Stock Mkt Rally Boosted by Retail Investors; Further Upside Expected
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Kevin Sneader, President of Asia Pacific Ex-Japan at Goldman Sachs, expressed optimism about the market amid capital comeback to China's stock market, as the broker is hiring staff in Hong Kong and India. He mentioned that feedback from clients and investors pointed to an improvement in the sentiment of China's bourse. Although China still weathers with headwinds, the rebound in the stock market has gained some traction, primarily from retail investors with excess savings in China. He further noted that clients are observing whether Chinese authorities will introduce major stimulus measures, while long-term investors remain on the sideline. However, the number of hedge funds entering China is escalating. AASTOCKS Financial News Website: www.aastocks.com |
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