Hendry: Beware 'reinventing deflationary ghosts'

China worries overblown

Laura Dew

Eclectica Asset Management's Hugh Hendry has suggested investors may be wrong to panic over China's impact on the equity market, although he agreed it will remain a key determiner of prices in the near term.

Writing in his monthly commentary, Hendry (pictured) said markets may be reaching "the end, not the beginning of a dark period for stocks relative to bonds". His comments mark a more bullish sentiment than a large proportion of his peers, with many worried about the impact of the slowdown in China on global equities. Equities had a dire month in August, suffering a 'Black Monday' sell-off at the end of the month and remaining volatile since then on the back of concerns over China. The four big questions for investors after 'Black Monday' meltdown Hendry said: "Today's environment...

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