China Dread Loses Bite as Global Shares Jump Most Since 2011
- Volatility wanes during a week-long shutdown in China
- Stimulus measures boost Chinese shares in Hong Kong, U.S.
People practice tai chi in Shanghai.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
China is no longer such a fearful place for global investors.
As traders prepare for the opening of the world’s second-biggest equity market on Thursday after a week-long break, LGT Capital Partners Ltd.’s Mikio Kumada says concern about the nation’s slowdown is overdone. The MSCI All-Country World Index began a six-day, 6.5 percent rally on Sept. 30, when the Shanghai Composite Index last traded. The steepest gain for global equities in almost four years came as volatility waned from New York to London.