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China Stock Market Rise Decouples From Rest of Asia

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Once again China’s stock market is moving in the opposite direction to its Asian peers.

The benchmark Shanghai Composite stock index rose more than 3 percent in the past month, making it the best performing major stock market in the region. In contrast, the broader MSCI index of pan-Asia Pacific stocks fell about 1.4 percent.

This inverse relationship was also observed in the first half of the year, when Chinese stocks fell around 14 percent amid worries about slowing economic growth in China, while broader Asian stocks rallied roughly 1.25 percent.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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