Chinese Equities About To Break, As Japan Is About To Break Out
Market Depth
00:00
The Chinese Stock Market in the Last Two Days
There's almost no correlation between the stock market and the performance of the economy or corporate profits in China. It goes up and down largely on government signaling changes and underlying liquidity. In 2015, when the government made very clear that they wanted the stock market to go up, it went up 150% in a year. And then when they made clear that it had gone up too much and they were starting to get nervous, it dropped 60% in a couple of months.
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