Sep. 30, 2024
Chinese Investors Flock to Stocks Amid Fear of Missing Out on Massive Rally
Asianfin--China’s stock market is witnessing a resurgence of investor enthusiasm as traders rush into equities, spurred by a wave of favorable policies from Beijing and a fear of missing out on what many anticipate to be a historic rally. Brokerages are seeing a surge in activity from retail investors, with trading platforms overwhelmed by a flood of orders. Investors are shifting funds out of bonds and savings deposits and pouring them into stocks, driving a sharp increase in both trading volume and stock yields. The CSI300 Index jumped over 8% on Monday, adding to last week’s 16% surge. Shanghai stocks climbed more than 7%, while Shenzhen shares skyrocketed over 10%. Combined turnover reached a staggering CNY2.6 trillion, surpassing the levels seen during China’s last major bull market a decade ago.
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