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Talk of market top as Shanghai index hits three-year high

Good chance it is at a peak right now as there's too much investor euphoria, says China strategist

The Shanghai Composite rally has sent valuations to a 20-month high as the city's exchange link with Hong Kong opened the market further.


THE surge in Chinese equity trading that coincided with market peaks in 2009 and 2010 is back after the Shanghai Composite Index jumped to a three-year high.

The 30-day average value of shares changing hands on the Shanghai exchange exceeded 200 billion yuan (S$42.3...