Chinese Booming Stock Market & Correlation to New Trading Accounts...

Niv Dagan

Peak Asset Management

Good Afternoon, The Chinese stock market is currently up 3.3%... even with those “shocking” GDP, Retail Sales and Industrial Production reports, out yesterday… Are these guys in China making any sense? Their stock market is up ~ 50% YoY……. And their data is poor….. Very poor in fact….. so why is the Chinese stock market "flying"? Chinese retail investors opened around 4.2 million brokerage accounts in March, the highest since October 2007 and triple February's figure. There is a strong correlation between new retail accounts and the Chinese stock market, as the chart below shows... interesting developments.... Niv


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.