China likely to support A-share market

The sharp fall in the Chinese stock market in recent days is mainly due to worries about the potential for imminent policy tightening in the mainland, according to Jing Ulrich, Hong Kong-based managing director and chairman of China equities and commodities at JP Morgan. Although the closely watched CSI 300 Index was up 1% at 3,171.990 yesterday, it is still down around 16% from its recent peak of 3,787.033 on August 3. The index is cap-weighted and tracks the 300 most representative…