MEDIA

Shanghai Stocks Sell-Off May Be Overdone As Fear Overrides Fundamentals

Posted by Jimmy Zhu on Feb 5, 2020 4:02:23 PM


The first trading day after the lunar New Year did not do well for China as the Shanghai Composite Index slid by 7.72%, while the Chinese yuan lost more than 1 percent versus the U.S. dollar.

Chief Strategist Jimmy Zhu highlighted in this CGTN report the signs that the sell-off of Shanghai stocks are being overdone due to fear over the fast-spreading coronavirus.