https://www.msn.com/en-us/money/mar...n&cvid=d057bb24e4ac4b01a42b33c84d26d486&ei=67
(Bloomberg) -- The value of China’s stock market has never been this far behind that of the US, as the losses continue to pile up in a seemingly relentless equity rout.
The market capitalization of the US stock market is now $38 trillion greater than that of Hong Kong and China put together, a fresh record, according to data compiled by Bloomberg.
“China offers value, but catalysts are just not there,” said Michael Liang, chief investment officer at Foundation Asset Management HK Ltd. “Meanwhile, the US market has momentum and economy on its side.”
The growing divergence comes as steep losses paint a troubling picture of global investor sentiment toward the world’s No. 2 economy. At the same time, US stocks have hit record highs, powered by a megacap technology rally amid optimism that the Federal Reserve will cut interest rates this year and navigate a soft economic landing.
(Bloomberg) -- The value of China’s stock market has never been this far behind that of the US, as the losses continue to pile up in a seemingly relentless equity rout.
The market capitalization of the US stock market is now $38 trillion greater than that of Hong Kong and China put together, a fresh record, according to data compiled by Bloomberg.
“China offers value, but catalysts are just not there,” said Michael Liang, chief investment officer at Foundation Asset Management HK Ltd. “Meanwhile, the US market has momentum and economy on its side.”
The growing divergence comes as steep losses paint a troubling picture of global investor sentiment toward the world’s No. 2 economy. At the same time, US stocks have hit record highs, powered by a megacap technology rally amid optimism that the Federal Reserve will cut interest rates this year and navigate a soft economic landing.
