Chinese stocks are set to enter a bull market on their return from the Lunar New Year holidays, according to analysts.
The Shanghai Composite Index, which tracks the performance of the largest publicly traded companies in China, is expected to reach the 3,600-point level, a key indicator of a bull market. This level has not been reached since 2015, when the Chinese economy was slowing down.
Analysts believe that the Chinese economy is now in a period of recovery, with the country’s manufacturing activity improving in January. This has led to increased investor confidence in the Chinese stock market, which has been in a bear market since 2018.
The Chinese government has also been taking steps to support the stock market, including cutting taxes and allowing more foreign investment.
If the Shanghai Composite Index does reach the 3,600-point level, it could be a sign of a more sustained recovery in the Chinese economy, which would be welcomed by investors around the world.
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Chicago, IL – Mairs & Power Growth Fund, a mutual fund based in Saint Paul, Minnesota, reported on its performance for the fourth quarter of 2024. The fund showcased strong growth and positive returns during the last quarter, reflecting its investment strategy and market trends. Throughout the quarter, the Mairs & Power Growth Fund outperformed its benchmark index, demonstrating the fund managers’ ability to select successful investments. The fund’s diversified portfolio, which includes a mix of large-cap and mid-cap stocks, contributed to its overall performance. ... Read more