The terrifying chart that screams sell China stocks

David Llewellyn-Smith

Monday, 22 January 2024

This is the chart:

As noted last week, in my view, the structural deweighting of MSCI indexes is underway in Chinese markets.

After China entered MSCI in 2018, foreign flows into Chinese equities were immense.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.