As Mainland Mania Fades Further, ‘Plan B’ Is ‘Plan H’

Mainland Chinese shares stumbled again on Monday, extending losses following the worst week since October. Over the weekend, Beijing said industrial firms' profits jumped 13.9% in March, rebounding from a January-February slump. That reinforced the notion that authorities may deploy less stimulus going forward as the economy stabilizes. That "good news is bad news" dynamic has conspired with profit taking and earnings disappointments to take the wind out of A-shares' sails. On Friday, we noted