The China disconnect analysts lose plot on financial stocks

Seventy per cent of analysts covering Chinese financial stocks rate them a buy, the highest among the world’s top 10 markets for such shares. Yet its financials are the worst performing this year in the group, Thomson Reuters StarMine data shows.

That disconnect has been on display in recent weeks, with Chinese financial stocks getting hammered on fears about a credit crunch and the country’s slowing economy. While the majority of analysts remain positive, mutual funds have dumped shares and short sellers have moved in.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1288311/china-disconnect-analysts-lose-plot-financial