Is China’s Stock Market Poised For A Turnaround? Analyst Points To 3 Promising Signs Amid Policy Shifts

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Benzinga

Chinese stocks have staged a notable recovery in recent sessions, buoyed by speculations of potential government interventions to bolster the struggling market. On Thursday, an analyst suggested that a bullish upswing might be on the horizon, basing his assessment on technical indicators and market data. What Happened: Adam Turnquist, LPL’s Chief Technical Strategist, remarked, “Technical indicators are showing signs of a potential turnaround in Chinese equity markets.” Positive Technical Trends: Turnquist pointed to the China Shanghai Composite Index, which has rebounded since the lows observ…

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