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These Nine Charts Show the Shenzhen Stock Market Is Like No Other Market in the World
While markets in the U.S. and much of Europe were closed for a long weekend, stocks in China continued to rally. The Shenzhen Composite Index is now up over 100 percent year to date. Looking at a one year chart of both of China's stock markets, we can see that the rally has been slightly more manic in Shenzhen at 175 percent compared to Shanghai's 140 percent. It's worth noting that the Shenzhen rally has moved ahead of Shanghai over the past few weeks. Just for scale, here's that chart again with the Nasdaq - one of the West's best performing indices over the past 12 months - added in. Here are some jaw-dropping ... (full story)