Stock Picking Gets Harder in China as Shares Move in Tandem

Published: 11/01/2019
Stock Picking Gets Harder in China as Shares Move in Tandem
Source: FINANCE.YAHOO.COM

The 120-day correlation between an index tracking some of Shanghai’s largest stocks, dominated by state-owned financials, and Shenzhen’s smaller tech-heavy ChiNext gauge last week rose to the highest on record, according to data compiled by Bloomberg. Correlation between the two indexes reached 0.8 on Jan. 2.

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