All Eyes on China’s Unstoppable Stocks After $460 Billion Rally
- Monday’s surge added most market value in five years
- State media urge nation’s retail investors to be rational
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China’s equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high.
The speed of the past week’s gains in China is in many ways unseen since the stock bubble that burst five years ago. Monday’s surge alone added more than $460 billion to Chinese stock values, behind just one day in July 2015 as the biggest increase in shareholder wealth since the global financial crisis.