Chinese stocks added to their advance from Monday as some investors saw merit in Beijing’s latest measures to invigorate markets, even as doubts persisted over their long-term impact.
The CSI 300 Index finished Tuesday’s session 1% higher. That’s after a 1.2% gain in the previous session, when a 5.5% surge at the open cooled through the day. The moves follow weekend action by authorities, which included the first cut in stamp duty since 2008 as well as curbs on share sales by major stakeholders.
Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.