Having recently traded China A shares myself, my impression was that the market is far too easily moved, and even manipulated, by absurd rumors.
At the time, I held a leading Chinese CCL stock. One day, a rumor circulated that Chinese securities regulators were investigating a fund for allegedly manipulating CCL related stocks. As a result, a stock that had been up nearly 7% intraday quickly gave back all its gains and fell back to around flat.
But after local Chinese media looked into the matter, the rumor was found to be false.
A shares are far too vulnerable to rumors. I no longer trade China A shares.
显示更多