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Samuel

22 Apr 2021

Stocks

Why is China market in the red?

I've been keeping track of the market in China and it seems to be either very stagnant or bearish

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Tan Choong Hwee

22 Apr 2021

Investor/Trader at Home

Have a look at CSI300 index 5-year chart:

Market either goes up, down or flat all the time. A simple glance will tell you that China market seems to be still on the up trend from end 2018. What we are experiencing now is a correction.

Notice after the early 2019 rally, CSI300 pretty much in consolidation for a year before it broke out of consolidation and proceeds to hit all time high early this year. Will CSI300 consolidate for a while and resume the up trend? Nobody knows for sure.

Disclaimer: This is not a call to invest in China market. Please do your own due diligence.

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