China Stocks' Stockholm Syndrome
Buy first - ask questions later
US and Chinese officials meet in Stockholm this week, but it's not just the diplomats warming up—investors seem to have caught a case of "Stockholm syndrome" too. Despite geopolitical friction and years of underperformance, Chinese stocks are suddenly being embraced again, with markets conveniently forgetting the trauma of past drawdowns. As talks unfold in Sweden, markets are acting like hostages who've fallen for their captors—buying first, asking questions later.