Stock markets reflect mix of rationality, emotion and luck

AFTER TWO DAYS OF STEEP LOSSES, stocks in the United States rebounded slightly on Wednesday, with technology, internet companies and retailers accounting for most of the gains. Beijing News comments:

Unlike in the past, the bearish momentum did not become pessimism and the share sell-off did not arouse any panic in the market.

That has much to do with anticipations that China and the United States will be able to find a way to end their trade dispute when their leaders talk later this month on the sidelines of the G20 Summit, and with the health of the US economy as a whole.