News Snapshot:
A historic rebound in Chinese stocks over the past three months is convincing Goldman Sachs that the worst may be over. Strategists at CCB International and Everbright Securities, however, say only volatility is assured. The MSCI China Index, the broadest measure of stocks in mainland and offshore markets, has rallied 25 per cent since a slump on March 15, which Goldman deemed as the market bottom in a year-long correction. The Chinese internet sector capped a 53 per cent surge from that trough, recouping part of the US$2.1 trillion sell-off from a peak in February 2021. “The latest recovery is...
