2 China-focused materials stocks are leading the way as sector blazes to 33% returns YTD

SINGAPORE (May 23): China-focused materials stocks China Sunsine Chemical Holdings and Delong Holdings are leading the way, as the sector generated a market capitalisation-weighted total return of 32.9% year-to-date in 2018.

The materials sector, which comprises businesses involved in the processing of raw materials, has benefitted so far this year from an improved global economic outlook.

At the same time, top performers China Sunsine and Delong have also been boosted by steady growth in China’s economy, which expanded by a better-than-expected 6.8% in 1Q18.

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