China’s stock rally for the ages shows power of crowds
The result, then, is a rip-your-face-off rally for the ages. The CSI 300 index of Chinese stocks added more than 20 per cent in less than a week. Hong Kong’s Hang Seng index is now the best-performing major market in the world this year, having added 30 per cent, compared with a relatively puny 19 per cent in the US S&P 500.