Morgan Stanley calls China Stock Market the most attractive
Morgan Stanley came out this week stating that the Chinese stock market is currently the most attractive in the world and should outperform going forward. China replaced Taiwan at the top of Morgan Stanley's list and the Chinese market is up 27% this year alone.
Morgan Stanley rates China as overweight and said investors should increase positions there. China has enacted major financial stimulus over the last few months which look to be having positive effects on the economy.
China ETFs outpaced all foreign markets Monday. The surge occurred after China's central bank said over the weekend it would allow the yuan to gradually appreciate against the dollar.
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The Shanghai Composite is down 11% year to date as China institutes measures to cool their economy and avoid a housing bubble.
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Investing in China has not been the easiest practice in the past, but more and more opportunities are arising and one of the best currently is the iShares FTSE/Xinhua China 25 Index that trades on the NYSE under the ticker FXI.
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After halting the two-day losing streak on Monday that cost it nearly 120 points or nearly 5 percent, the China stock market turned back to the downside on the following day.
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Chinese stocks surged Wednesday in their biggest gain in nearly four months on speculation Beijing plans new economic stimulus measures and other policies aimed at reviving the country's languishing markets.
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