Shanghai Composite closed below 2000 points27 November, 2012, 16:39. Posted by Zarathustra
Investors in China have had a few difficult years. Indeed, China has been surprisingly disappointing to a point that even bears like ourselves are often becoming too optimistic.
Despite improving economic data (which are not totally consistent with each other anyway), Chinese equities just do not care. Shanghai Composite closed today below 2000 for the first time since 2009. That is a post-crisis low.
This makes Greek equities beating Chinese equities very comfortably for the year so far.