China ChiNext csi 300 Markets shanghai composite stocks

China’s ‘Re-Bubbling’ Reaches ‘Decisive Moment’ As Absurd 2019 Rally Powers On

LOL. 

LOL.  That's about all you can say sometimes about Mainland markets in China. Fresh off another good week that found some analysts fretting about whether the A-share rally might actually be counterproductive to the extent it makes Beijing think twice before adding more liquidity for fear of fueling another 2015-style bubble, Mainland shares surged to start the week. The CSI 300 notched a 2.9% gain on Monday, closing near the highest levels since last May, while the Shanghai Composite logged a 2.5% advance. The SHCOMP is now nearly 100 points above the key 3,000 level and is gunning for its 11th weekly gain in 12. The ChiNext, often the poster child for froth during times of euphoric A-share sentiment,  rose 2.7% on Monday. The gauge of small caps and tech shares is on track for a seventh consecutive weekly gain, a feat it hasn't accomplished since the halcyon days of the 2015 bubble. Again, the danger here is that Beijing loses control of the narrative. Chinese retail investors are a notoriously difficult bunch to rein in once they get loose and it looks like they're loose. Bloomberg's Ye Xie, in an opinion note on Monday, called this a "decisive moment" for
Subscribe or log in to read the rest of this content.

0 comments on “China’s ‘Re-Bubbling’ Reaches ‘Decisive Moment’ As Absurd 2019 Rally Powers On

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar