The Fly

Chinese stock rebound might not last, Barron’s says

The recent tumult over China’s COVID policies may be creating an opportunity in the country’s stocks, Reshma Kapadia writes in this week’s edition of Barron’s. After losing some $1.2 trillion in market value in the past two years, Chinese stocks are rebounding, with Alibaba jumping nearly 10% on Wednesday alone. Risks remain. The next couple of months could be bumpy, as China’s transition to a less-restrictive COVID policy comes up against a winter surge in cases and the highly transmissible Omicron variant, the author notes. Reference Link

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