China stocks rally after government fund says it will increase stock buys
NEW YORK (AP) — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S. futures were mixed. China’s Central Huijin Investment, a sovereign fund
Stock-market investors fear a megacap meltdown. Here’s what history says.
Investors spent 2023 fretting about the sustainability of a stock-market rally largely driven by a handful of megacap tech stocks. Those worries remain in place as the S&P 500 has returned to record territory in the new year. “With the usual set of select megacap stocks pacing early 2024 performance, concentration-risk worries have been getting