Chinese stocks surge, but looming uncertainties could drag markets down again [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Greg Baker | AFP | Getty Images A man looks at his mobile phone in front of boards showing stock prices at a securities company. China displays rising shares in red instead of green, unlike most other countries Chinese stocks surged more than 4 percent on Monday, but experts warned the markets could fall again due to future uncertainty. The strong gains on Monday came after a series of reassuring statements from Chinese authorities over the weekend, which helped Chinese stocks extend Friday's gains. The Shanghai composite jumped by 4.09 percent while the Shenzhen composite surged 4.9 percent. The Nasdaq-style Chinext leaped by more than 5 percent, while Hong Kong's Hang Seng index closed 2.4 percent higher. In the medium term, Chinese stocks could be of good value, Shane Oliver, head of investment strategy and chief economist at AMP Capital, told CNBC. However, he cautioned that there's too much uncertainty around trade
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