Morgan Stanley: The peak is reached in China – Private Businesses

The type investment bank Morgan Stanley Asian strategist Jonathan Garner on Friday, reports Bloomberg News.

“It is likely that the peak of the Shanghai, Shenzhen and Chinext now been achieved. This is probably not a drop when you’re buying, “he writes.

Behind the pessimistic view on the Chinese stock market indices is the large supply of new shares, weak earnings growth, high valuations and high levels of debt.

While strategists from BlackRock, Credit Suisse and Bank of America have recently warned of a Chinese stock market bubble is about to burst.

the Shanghai and Shenzhen Stock Exchange was at 8 o’clock on Friday, down 6.3 and 7.6 percent for the day.