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China’s stock market hit 5-year high

China’s stock market hit 5-year high

The Chinese stock market, defined by the CSI 300 index on Friday, reached a five-year high on the basis of growing demands, which the largest growing market in the world is recovering from a coronavirus pandemic with massive growth.

China's CSI 300 index on the Shanghai and Shenzhen stock exchanges gained 1.9 percent on Friday, reaching its highest level since 2015. Further results will be revived by boosted sentiment, where China finds it has limited the spread of the Covid -19 virus and the same. With a massive stimulus, the stock market recovered from the March stock market slump.

The Chinese index CSI 300  outperform its American and potential counterparts. Since 2020, Chinese stocks have benefited from 7.88%. Within the US S&P 500 index and Eurostoxx 600 index, it is the only one in positive numbers. The S&P 500 index fell by 3.12% and the Eurostoxx 600 by 11.82% for the appropriate period under review.

Investors say markets are unlikely to collapse in a "first-stage" trade deal between the United States and China. Michael Every, Rabobank's global strategist, said: "Financial markets are not aware of this very fat risk and how close it is to transposition."