China stock traders abandon ‘bubble stocks’ amid PBOC liquidity signals as reflation bets gain momentum

By South China Morning Post4 days ago

China’s most crowded stock trades are showing signs of unravelling as liquidity tightening by the central bank and expectations about global economic reflation gave investors some cold feet after they returned from a market break.Liquor distiller Kweichow Moutai, electric-car battery maker Contemporary Amperex Technology and duty-free shop operator China Tourism Group Duty Free have tumbled by at least 5.4 per cent since the mainland’s stock exchanges reopened after a five-day Lunar New Year…

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