Shares in China continue to post sharp year-to-date losses vs. an otherwise upside bias for global stocks, based on a set of exchange-traded funds tracking the world’s major equity regions through yesterday’s close (Aug. 25).
China Is This Year's Downside Outlier For Global Stock Markets
Summary
- Shares in China continue to post sharp year-to-date losses vs. an otherwise upside bias for global stocks, based on a set of exchange-traded funds tracking the world’s major equity regions through yesterday’s close (Aug. 25).
- Some investors see opportunity in beaten-down shares, but there’s still a wide-ranging debate as the market prices in higher uncertainty driven by the vagaries of Beijing’s evolving policy agenda.
- The blowback from the change in risk outlook for China has had minimal impact on other markets in Asia, but holding a basket of stocks targeting the region has still come at a price.
James Picerno is the director of analytics at The Milwaukee Co., a wealth manager that is the adviser to The Brinsmere Funds, a pair of global asset allocation ETFs. He also edits CapitalSpectator.com and The US Business Cycle Research Report (CapitalSpectator.com/premium-research). He is the author of three books, including "Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return." Previously he was a financial journalist at Bloomberg and before that at Dow Jones.