How can China stock capitalization be as high as last August ?
China stocks crashed. Is that massive new issuance ?
I would have heard about it ... but that would be bearish and in line with what I expect for emerging markets.
Emerging Markets Gain Record Share of World Equity
By Michael Patterson and Laura Cochrane
July 3 (Bloomberg) -- Developing countriesâ share of worldwide equity value climbed to a record as the fastest- growing economies lured stock investors amid the first global recession since World War II.
The 22 nations classified as âemergingâ by index provider MSCI Inc. comprise 24 percent of world market capitalization, up from 18 percent at the start of this year, the highest proportion since Bloomberg began compiling the data in 2003. China shares topped $3 trillion yesterday for the first time since August, from $1.8 trillion at the end of last year.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqO3hUtyjtuw
China stocks crashed. Is that massive new issuance ?
I would have heard about it ... but that would be bearish and in line with what I expect for emerging markets.
Emerging Markets Gain Record Share of World Equity
By Michael Patterson and Laura Cochrane
July 3 (Bloomberg) -- Developing countriesâ share of worldwide equity value climbed to a record as the fastest- growing economies lured stock investors amid the first global recession since World War II.
The 22 nations classified as âemergingâ by index provider MSCI Inc. comprise 24 percent of world market capitalization, up from 18 percent at the start of this year, the highest proportion since Bloomberg began compiling the data in 2003. China shares topped $3 trillion yesterday for the first time since August, from $1.8 trillion at the end of last year.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqO3hUtyjtuw