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.
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