Acorn implementation report, August 29th, 2023.
In Monday’s note, I outlined my rationale for calling time on the outperformance of Indian equities versus China equities. For those that missed it, you can find it here 👇:
Monday morning in Shanghai saw the implementation of a number of tweaks to the capital markets rules (announced Sunday) that have seen on- and offshore China equities jump in initial trading. Even the property stocks were up! Some of these gains have been faded but the market retains a well ‘bid’ tone.