BREAKING: Chinese stocks continued their rally on Monday
BREAKING: Chinese stocks continued their rally on Monday
The CSI 300 index is up 24% over the last 5 days
CSI 300 Index SPIKED by another 8.5% on Monday, hitting the highest level since July 2023. The index is up 24% from the low as investors’ Fear of Missing Out has gone crazy.
As a result, the greed indicator for Chinese stocks hit the highest level since it 2015 market bubble.
As a reminder, the Chinese exchanges will be closed till October 8 due to the celebration of the National Day of the People's Republic of China on October 1. As a proxy the Hang Seng index in Hong Kong can be watched as the market there will be closed only for 1 day.
Despite these sharp market moves, my view of the Chinese market has not changed. More details can be found in the below piece.
If you find it informative and helpful you may consider a paid subscription (or annual if subscribed), become a Founding Member, and follow me on Twitter:
Why subscribe?