China’s stock market has been the talk of investors, along with Greece, for the best part of 2015. The rapid rally that began midway through last year, something that saw the benchmark Shanghai Composite rally more than 150% in just 9 months, fascinated markets.
Then in mid-June the rally stopped and was savaged, losing more than 30% in just a few short weeks.
Not only has it captured the imagination of investors, it also raised serious concerns about the trajectory the market was on as well as the broader Chinese economy.
Encouraged by the government, inexperienced investors poured into stocks, some using leverage, like a mob who had just been provided with the winning Lotto numbers a day early. Pushing aside fundamentals, it was not a case of whether you should buy, but simply how much.
https://www.endtime.com/wp-content/uploads/2017/06/gettyimages-52603970.jpg 768 1024 alphatimes https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png alphatimes2015-07-16 00:00:002018-03-28 16:16:35Top fund managers on China’s ‘bubbly’ stock market