(Bloomberg) — Among China’s equity trading community, a risky triumphalism is taking root. The nation, the argument goes, is shielded from global volatility and patriotic investing will be rewarded.It’s not hard to see why. The Shanghai stock benchmark is the only gauge of note worldwide to post gains in the past month, while others are tumbling into bear markets. Against the S&P 500 Index, the Chinese index is nearing its highest level in almost two years.Fueling Chinese confidence is a sense that the country is gaining victory over the coronavirus that first spread in Wuhan. President Xi Jinping visited the …read more
Source:: Yahoo Finance
