It's Official: Chinese Small-Cap Stocks Are Now In a Bull Market
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China’s small-cap stocks are officially in a bull market for the first time in years.
The ChiNext Index closed 3.1 percent higher, taking its rally since an Oct. 18 low to more than 20 percent -- the threshold that typically denotes a bull market after a decline of the same magnitude. The risk-on sentiment was widespread on Friday, with gains accelerating in China’s afternoon session. The CSI 300 Index rose 2.3 percent to its highest since July.