Chinese Stocks Going Vertical – Again
MSCI Inc.’s China gauge tracks 150 of the nation’s companies that have listings outside the mainland, including in Hong Kong and U.S. bourses.
The index now trades within 1 percent of levels last seen in August 2015, when the nation’s equities were in a tailspin following an epic boom. Shares are again looking frothy, with the MSCI China’s 14-day relative strength indicator rising to 78.8 on Monday, above the 70 level that signals to some traders that stocks are overbought.
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