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Chart of the Day
Back on February 27th, China sneezed (Shanghai Composite Index down 8.8% on the day) and the reverberations were felt in financial markets around the globe (i.e. S&P 500 down 3.5%). With much of the financial world focused on China, today's chart presents the current trend of the Shanghai Composite Index. It is interesting to note that while the Chinese stock market plunged in dramatic fashion back in late February, the 19-month rally that preceded it was even more dramatic (up nearly 200% since mid-2005). Another point of interest is that less than one month after that 8.8% plunge, the Shanghai Composite is once again making new highs.
Notes:
- What are our latest indicators and studies saying about future stock market trends? Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Source - SSE
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Quote of the Day
"There are a billion people in China. It's not easy to be an individual in a crowd of more than a billion people. Think of it. More than a BILLION people. That means even if you're a one-in-a-million type of guy, there are still a thousand guys exactly like you." - A. Whitney Brown
Events of the Day
April 01, 2007 - April Fool's Day
April 02, 2007 - NCAA men's basketball championship - Masters golf tournament begins (ends April 8th) - Passover (1st day)
April 03, 2007 - NCAA women's basketball championship
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