Heard on the Street: Investors might be right to bet on government support for the 5G and chip sectors, but wrong to assume no disruptions due to the coronavirus and geopolitics
Stocks listed in Shanghai and Shenzhen have done much better than most major markets this year. The CSI 300 Index, a benchmark for large stocks on the two mainland bourses, is up 0.
5% this year versus a 7% decline in the S&P 500. That’s despite the fact that the epidemic has infected more than 80,000 of the country’s citizens, and killed nearly 3,000, creating widespread business disruptions.
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