China’s Stock Market is Rebounding More Broadly Than the U.S.
- 80% of CSI 300 members at above their 200-day moving average
- China’s broader stock breadth in line with economic recovery
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The record-setting rally in U.S. equities gets all the attention but China’s stock market boasts a broader rebound.
The CSI 300 Index has 79% of its members trading above their 200-day moving average, almost twice the five-year average. By contrast, the figure for the S&P 500 Index is 62%, a sign of fewer stocks buttressing the rally there. The proportion is 86% for the ChiNext Index, versus about 50% for the Nasdaq Composite.