China’s stocks are soaring as people scoop up investments in one of the world’s cheapest markets, encouraged by signs Asia’s biggest economy has turned the corner and is starting to motor again.
The Shanghai Composite Index jumped for a sixth day to the highest in nine months on Tuesday, bringing the gain to 6.6% so far in July and leaving the market in position to record its best month since December 2012. The index is catching up with a rally in Hong Kong that sent the city’s main stock index to a three-year high last week.
An index of mainland companies traded in Hong Kong entered a bull market Monday, rising more than 20% from a low in March.
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Daniel Inman and Shen Hong, The Wall Street Journal via CHINA US Focus http://ift.tt/1o5Cnma
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