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Rollercoaster ride leaves Shanghai investors flat

Shanghai

FROM Jan 1 to mid-June, the Shanghai market - which had already surged by more than 50 per cent in 2014 - leaped by 60 per cent again. Then it slumped nearly a third in three weeks, before slowly recovering.

After all the gyrations of the most volatile year in the quarter-century history of the modern Chinese stock market, the Shanghai Composite Index closed at 3,539.18 on Thursday, up 9.4 per cent for the year.

"It was the year of the 'monkey market' for Chinese stocks - jumping up and down...

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