China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble

(Bloomberg) — The dramatic moves in Chinese stocks over the past week are inviting comparisons with a bubble that burst spectacularly five years ago.In many ways, the pace of gains matches the market’s melt-up that started in the final weeks of 2014. The CSI 300 Index has now added 14% in five days, the most since December that year. Shares of brokerages are surging as daily turnover continues to exceed 1 trillion yuan, indicating increasing participation from retail investors. A gauge of momentum on the CSI 300 is also the strongest since late 2014. Monday’s more-than-5% gain had only happened …read more

Source:: Yahoo Finance

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