(Bloomberg) -- China's stocks, which accounted for half the trading in Asia yesterday, may face a ``correction'' as earnings can't justify the rally that's made them the world's biggest gainers this year, according to Goldman Sachs & Co.
China's CSI 300 Index, which tracks yuan-denominated A shares listed on the country's two exchanges, has climbed 85 percent in dollar terms in 2007, the best performance among 90 stock benchmarks tracked by Bloomberg. It's also the world's most expensive key stock index, at 42 times reported earnings, more than double the Morgan Stanley Capital International Asia Pacific Index's 19 times.
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment