You are here

Templeton's man in China predicts 20% stock rally as panic fades

Economy will bottom out in the first half and the yuan will stabilise, he adds

A man tries to snatch 100-yuan banknotes inside a glass cage during an event in Hangzhou. The PBOC has been trying to restore stability to the yuan after outflows hit a record pace in recent months.

Hong Kong

THE worst is over for Chinese stocks after panicked investors caused the world's deepest sell-off, according to Franklin Templeton's money-management unit in Shanghai.

The US$5.3 trillion market will rebound as much as 20 per cent in the "short term" as economic growth...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to