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Buying stocks? Just follow the leader

Foreign investors in China are mimicking state- backed group tasked with propping up prices
Wednesday, August 19, 2015 - 05:50
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An oil refinery of China Petroleum and Chemical Corporation, China's biggest refiner, on the outskirts of Beijing. Goldman Sachs strategists said "supportive capital" had flowed into big blue chips or defensive stocks.

Hong Kong

SOME foreign investors have found a new and simple way to make money from China's dysfunctional stock markets - by dispensing with market research and playing "follow the leader" instead.

Rather than crunching data on earnings and stock valuations to come up with