Still bullish
HOME > PAST ISSUE > COVER STORY [Premium content]January 2008
China’s stock markets are set to return to record-setting form as more top firms return to the mainland
A bear market is often defined as a 20% fall in stock prices within a year. The Shanghai Composite Index (SCI) achieved this in about a month and a half in 2007 as it slid from its mid-October peak of 6,092.06 points to 4,941.78 near the end of December. But this was a mere blip compared to the bull run that preceded it, the SCI gaining 124% between January and October.
By all accounts, the correction was partly government-induced. An embargo on new mutual funds put the brakes ...
By all accounts, the correction was partly government-induced. An embargo on new mutual funds put the brakes ...
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