Friday, March 23, 2007

shanghai composite index / chart of the day

the fact that china has made new tops while the other major markets are still 3-4% away from new highs is even ore stunning when you consider that china has raised rates in the meantime and has banned firms to speculate with their money. (click on the label to read the related stories)

das china neue hochs erzielt während dem rest der welt noch 3-4% fehlen ist umso erstaunlcher wenn man bedenkt das china inzwischen die zinsen erhöht hat und firmen verboten hat am akzienmarkt zu spekulieren. bitte auf label klicken

Back on February 27th, China sneezed (Shanghai Composite Index down 8.8% on the day) and the reverberations were felt in financial markets around the globe (i.e. S&P 500 down 3.5%). With much of the financial world focused on China, today's chart presents the current trend of the Shanghai Composite Index.

It is interesting to note that while the Chinese stock market plunged in dramatic fashion back in late February, the 19-month rally that preceded it was even more dramatic (up nearly 200% since mid-2005). Another point of interest is that less than one month after that 8.8% plunge, the Shanghai Composite is once again making new highs.

thanks to

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