Nasdaq Golden Dragon’s rebound brings hope

An unprecedented plunge in the Nasdaq Golden Dragon China Index is opening up the possibility of a rebound for the bravest China bulls. China’s regulatory crackdown sent the 98-member gauge down 46 per cent in the past six months. The depth of the decline raises the possibility that bad news has been priced in, creating the potential for a turnaround. The index jumped 8 per cent on Tuesday, rising for a third day.