Equities end their losing streak as small caps rebound
By Bloomberg | China Daily | Updated: 2016-01-19 08:49
China's stocks rose after a home-price recovery spread to more cities and speculation grew equities were oversold after the benchmark index entered a bear market last week.
The Shanghai Composite Index gained 0.4 percent to 2,913.84 points on Monday, led by property developers and technology companies. The ChiNext index of small company and startup stocks jumped 2.9 percent.
"There are fresh funds coming in to bottom fish and they are targeting mostly beaten-down small caps," said Wang Zheng, Shanghai-based chief investment officer at Jingxi Investment Management Co.
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