December 22, 2016 | 6years | Investment News
Investors are backing China to deliver the highest equity market returns in 2017, according to a poll by Money Observer's sister website Interactive Investor.
In a poll of over 9,000 investors, the majority (28 per cent) tipped China to top the stock market league table over the next 12 months, closely followed by Europe, which took 25 per cent of the vote. In third place was Latin America (14 per cent), followed by Japan (13 per cent).
China's stock market - the Shanghai Stock Exchange - has lost 12 per cent year-to-date, having been unable to claw back the heavy losses it sustained in the first two months of the year.
Traders took fright amid concerns that China's economy would suffer a hard landing. But since the sell-off, these fears have subsided somewhat, helping the market drift quietly higher.
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