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
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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