Foreign buying and surging volumes indicate momentum building for Shanghai Composite Index to break free

//Foreign buying and surging volumes indicate momentum building for Shanghai Composite Index to break free

Foreign buying and surging volumes indicate momentum building for Shanghai Composite Index to break free

China’s onshore stocks look set to break free from four months of sideways trading on the back of rising turnover and foreign buying, while leveraged bets have risen to a five-year high.A victory for Joe Biden in the US presidential election and the promise of a largely effective Covid-19 vaccine from Pfizer and BioNTech have removed uncertainty clouding stocks as traders factor in relatively stable US-China relations and a solid global recovery, analysts said.The Shanghai Composite Index is…

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By | 2020-11-10T09:15:13+00:00 November 10th, 2020|Business|Comments Off on Foreign buying and surging volumes indicate momentum building for Shanghai Composite Index to break free