The picture for Chinese stocks is fairly similar short-term but we do like the risk/reward into fresh 2022 lows i.e. around 40% below its 2020 high and another ~10% below Friday’s close.
Assuming a number of pieces of the financial puzzle dovetail together we wouldn’t be surprised to see the ASX200 and China’s Shenzhen CSI 300 Index bottom around a similar time, especially if our miners are leading the decline.
MM is neutral to bearish Chinese stocks over the coming weeks
