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Markets

China stocks stand alone in Q2 gains, bucking global trend

Easy-money policy amid global tightening fuels market rally

The Shanghai Composite Index climbed 4.5% during the April-June period, making it the only benchmark among 18 major economies to post a gain during the quarter.   © Reuters

SHANGHAI -- The Shanghai Composite Index rose 4.5% during the second quarter, the only benchmark index of a major economy to gain during that period, underpinned by China's loose monetary policy and eased restrictions on the tech industry.

"The performance of Chinese equities exceeds that of the rest of the world, and it will continue through the second half," said Yifan Hu at UBS Global Wealth Management. "The valuations are drawing investors, and there is room for Chinese equities to rise by an additional 7-10%."

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