China’s new Star Market may be a boon to stocks trading on main board, according to history

//China’s new Star Market may be a boon to stocks trading on main board, according to history

China’s new Star Market may be a boon to stocks trading on main board, according to history

The opening of China’s new Nasdaq-styled technology board bodes well for investors betting on stocks trading on the main board, if history is any guide.There has been anguish among traders that the Science and Technology Innovation Board, also known as the Star Market, would drain liquidity from existing equities. Indeed, the Shanghai Composite Index dropped as much as 1.5 per cent on Monday morning while the stocks trading on the new board enjoyed stunning gains.The benchmark gauge has fallen…

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By | 2019-07-22T06:38:00+00:00 July 22nd, 2019|Technology|Comments Off on China’s new Star Market may be a boon to stocks trading on main board, according to history