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
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Shanghai
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 billion) for the first time in four years on Nov 25, after rising threefold in the past six months, according to data compiled by Bloomberg.
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