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Stock impact report

China Stock Skepticism Gets Louder Amid World-Beating Run [Yahoo! Finance Canada]

Invesco Ltd (IVZ) 
Last invesco ltd earnings: 4/23 06:55 am Check Earnings Report
Most Read from Bloomberg Invesco Ltd., JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings Inc. are among those viewing the recent rebound with skepticism and waiting for Beijing to back up its stimulus pledges with real money. Some are also concerned many stocks are already reaching overvalued levels. Chinese shares have skyrocketed since late-September as a barrage of economic, financial and market-support measures reinvigorated investor confidence. The Hang Seng China Enterprises Index, which comprises Chinese stocks listed in Hong Kong, has jumped more than 30% over the past month, making it the best performer among more than 90 global equity gauges tracked by Bloomberg. “In the short term, sentiment could overshoot but people will go back to fundamentals,” said Raymond Ma, Invesco's chief investment officer for Hong Kong and Mainland China. “Because of this rally, some stocks have become really overvalued” and they lack a clear value prop Show less Read more
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