Chinese shares are underperforming the S&P 500 Index by the largest margin in history. The MSCI China index trades on around 11 times expected earnings for the next 12 months. Jefferies’ Wood maintains that Beijing wants the stock market, rather than real estate, to become the repository of Chinese savings. More than $25 trillion dollars of household savings are currently parked in deposit accounts. They won’t stay there forever.
$BABA-W(09988)$ $Alibaba(BABA)$ $BABA-W(09988)$ BABA seems to hold up pretty well last week. It closed slightly Lower than the previous week but compare to the overall market it outperformed it. The overall market seems will continue the downward trend this week but BABA should be fine.