Today marked the 7th straight day of gains for China’s Shanghai Composite, and as shown below, the index has now exploded above prior highs over the past year.
Over the last 20 trading days, China’s Shanghai Composite is up 15.9%. While that may seem like a lot, it hardly registers as one of the bigger 20-day moves for Chinese stocks over the past 25 years. China’s Shanghai Composite Index has had prior 20 trading day moves of more than 30% multiple times. For Chinese investors, the recent move has been nice, but they may still be thinking “you ain’t seen nothin’ yet.” Click here to view Bespoke’s premium membership options for our best research available.