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.