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China’s market is trying to bounce back following this year’s rout triggered by rising Covid-19 cases. Many foreign brokerages have turned positive on Chinese stocks citing attractive valuation. The change in sentiment is underpinned by the easing of regulatory crackdown and government’s efforts to boost the economy. Going ahead, China’s market could attract a higher share of flows earmarked for emerging markets (EMs), say experts. Also, some funds could reallocate from other EMs to China. This could pose fresh headwinds for markets such as India, which commands a steep valuation premium compared with other EMs.
Will LIC find buying support?
