China equities soared and then dropped

China equities had a spectacular run since the start of this year. The Shanghai Composite Index started 2015 at 3,234.68 points. After 5 months, the index was 55.2% up on 5 June at 5,023.10 points. This level was closer to end 2007’s figure of 5,261.56 points (before the global financial crisis blew up).

5,000 points level seemed to be the upper limit to cross decisively. In the last two trading sessions, the index lost 4.7% and 6.4% respectively. The index stood at 4,478.36 points as at today (19 June).

The following table shows the Shanghai Composite Index at various dates. The percentage change between two dates are provided in the table.

Date Shanghai Composite Change (%)
31 December 2007 5,261.56 NA
31 December 2014 3,234.68 -38.5
5 March 2015 3,248.47 +0.4
4 May 2015 4,480.46 +37.9
5 June 2015 5,023.10 +12.1
18 June 2015 4,785.36 -4.7
19 June 2015 4,478.36 -6.4

Will the Shanghai Composite Index continue the downward trajectory?

Copyright © 2015, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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