The sudden 7% plunge of the CSI 300 yesterday was herd mentality of retail investors at work, says Julius Baer, mixed with a badly-timed policy decision. Mark Matthews, head research Asia of Julius Baer, notes that the plunge yesterday led by “emotional retail investors” was caused by monetary policy desynchronisation, and exacerbated by the new circuit breaker rule imposed yesterday….
Have a confidential tip? Get in touch [email protected]