How high will Chinese stocks climb?
For those who think China's Shanghai Composite is out of control, Saxo Capital Markets has put together the Shenzhen Composite index and the Shanghai Composite index for comparison. “It's interesting to see this rally continuing without much of an improvement in consumer sentiment”, Saxo traders say. They argue that while real estate price appreciation correlates to consumer sentiment, the stock market has certainly decoupled from this dynamic. In Japan, on the other hand, equity markets are having a positive input. The US Dollar-Yen has hit an 8-year high on stronger US data and also on increased rate hike expectations in the US, which benefits Japanese shares. To read more visit: (VIEW LINK)
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