The Chinese stock market experienced its largest advance since 2008 earlier this week.
The Shanghai Composite Index rose more than 3% on Monday, breaking 4900 points. The Shenzhen Composite Index, the smaller of the two, rose almost 2%, breaking 16,000 points.
Nearly 300 shares hit the daily limit of 10%. The two cities have reported a turnover of more than 2 trillion Yuan.
The surge has been led by the military sector- defense stocks, and the marine manufacturing sector jumped more than 7%. TMT stocks fell 3%, and a small number of healthcare and other sectors also fell.
Analysts reported that this surge will usher in the rise of the stock market, and that the market will continue to grow.
The sudden growth has caught the attention of the China Securities Regulations Commission. The Commission reported 12 cases of abnormal trading and has begun a campaign against stock manipulation.
Source: inews.qq.com
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Keywords: China Securities Regulations Commission Shanghai Composite Index Shenzhen Composite Index China Stock Market
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Wasn't there a vid of a trader jumping out of a window going around?
Jun 15, 2015 05:19 Report Abuse
This is local stock market for local people, there's nothing for you here. But seriously this will end in tears mark my words. People are buying on margin (borrowed money to gamble), the average zhou see's it as a one way bet. Do some digging online, the photos of knitting grannies looking at screens and the banana seller checking the market graphs....Remember the shoe shine boy giving tips in 1929?...oh dear!
May 28, 2015 01:45 Report Abuse
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