Chart of the Day – Shanghai Composite
March 23rd, 2007 by Stephen RomanThe decline got all the headlines, here is the followup:
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.
Posted: March 23rd, 2007 under Asia, Emerging Markets, Equities, General.
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