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Chinese equities have just beaten their best first two months of the year since the global financial crisis, ahead of the rest of the world, despite a cloud of bad news about the country's economy and the political stability of the region.
The popular explanation is that investors have announced that MSCI would increase the amount of domestic A shares it includes in its benchmark index in China before the announcement by MSCI. The explanation is not unreasonable. Goldman Sachs expects global investors who use …
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