China’s Biggest Bank Has Rarely Been in Such Hot Demand: Chart

Investors seeking evidence of whether a rally in Hong Kong is looking overheated need look no further than Industrial & Commercial Bank of China Ltd. The lender -- China’s biggest -- has gained for 13 of the 14 past trading days, sending a momentum indicator to levels only seen during one period in the past five years. The advance has helped make the Hang Seng China Enterprises Index the world’s best performer this month.

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