Chinese Stock Market At the Peak After 13 Years

Chinese Stock Market At the Peak After 13 Years The Chinese stock market at the peak after 13 years. The stock market indicator in the country exceeded the levels seen after the balloon in 2015, reaching a 13-year high. The Chinese stock market indicator surpassed the level of the bubble that formed in 2015 and reached a 13 year high. While the CSI 300 Index closed Tuesday with a gain of 1.9 percent, the index has increased by nearly 50 percent since March. The fact that the Chinese administration facilitated the borrowing of shares by the Chinese government also played an important role in the rise, supporting the value of China's domestic market to reach $ 11 trillion. Chinese stocks brought the difference with the MSCI global index to the highest level in the last 6 years in 2020. After the highest level seen in China's stock markets in 2015, $ 5.2 trillion was deleted from the markets with a 3-month decline. According to the statement made by market watchers, the uptrend this time should be continued further. A group, including Citigroup Analyst Pierre Lau, raised their targets for the CSI 300 Index at 5.353 to 5.525 points, while Morgan Stanley analysts announced the year-end target as 5,570.