Bubble Burst

Chinese stocks have risen more than those on any other stock market this year, according to Forbes.com‘s Global Markets Scorecard. 

Its analysis says the Shanghai Composite Index has risen 11.5.8% so far this year and Hong Kong’s Hang Seng Composite has risen 40.1%. Only Brazil’s Bovespa (up 57.8%) and India’s BSE 100 (up 42.6%) are anywhere close.

Year on year, the Shanghai market is up 236.3% and Hong Kong 68.5%. Nuts.

It is a weight of money bubble. When the flood of money abates, the market will tumble.

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