Postcard From No 528
Wobbling on the liquidity high wire
- Published 20 Aug 2009
With Shanghai's stock rally faltering this week, the fragility of the market's psychology has been laid bare.
This week, the world got a view of how Chinese investors really assess the sustainability of their share price rally. On Monday August 17, the Shanghai Composite Index fell 5.8%, sending shockwaves of concern around the world. On Tuesday, things stabilised a bit with a 1.4% rebound, but the index remained below the important 3,000 point barrier. More importantly, the cat is out of the bag – the fragility of the market's psychology has been laid bare.
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China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.
Other Articles on this Issue
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The Big Call
A local financial time bomb
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Consumer China
Pharmaceuticals - a healthy course
Sinovac and swine flu
Sinopharm - a new contender
Simcere – not immune
Tongrentang – TCM bellwether
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Forbidden City
Iron and awe
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Financial China
Insurance - a structural play
Ping An - not so tranquil
China Life - in the balance
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Funds Data
China zeal wavers
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Capital Intensive China
Developers defy doomsayers
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Guest Column
Bright prospects
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The Best of Chinese Commentators
Inflation, inflation, inflation
Sovereign wealth
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Editor's View
A moment of truth
- View issue
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