Low prices, solid company data, a wide selection - that sounds like a paradise for stockbrokers.
Similar stories with this storyline are heard in two countries: China and Japan.
Both are considered innovative.
Companies from both countries deliver technologies on which the transformation of the economy is supposed to depend, for example in the field of electromobility or digitization.
According to the thesis, the prospects are good for the long term.
However, China's stock market bulls have a problem: they are constantly trying to downplay the political risk of the communist one-party dictatorship.
There are many examples of markets ultimately being in the hands of the Chinese Communist Party (CP).
Consider, for example, the IPO of fintech Ant Financial, which was set to be the largest in history at the end of 2020.
Without further ado, however, it was cashed in by regulators from the KP.
Most likely, since founder Jack Ma has been critical of the state leadership.
Japan has its own problems with deflationary tendencies and declining population.
But the state is a stable democracy.
The snakes in paradise there can be named without the perpetual optimists breaking into sweat.
For this reason alone, the promise of opportunities in the Japanese stock market gains credibility over the Chinese.