China markets still have room to fall, say analysts
But impact on Chinese households and the real economy is seen as limited
Beijing
AFTER a roller-coaster week for Chinese markets which saw shares crash and rise again, analysts say there is still plenty of room for equities to continue their slide in the coming months as shares remain overvalued.
They add, however, that the overall impact on Chinese households and the real economy will remain limited, given the small percentage of household savings channelled into the Chinese stock markets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard