MRCI Online
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China is a rising power now with the world's second-largest economy. But already involved in a tariff/trade battle
with the United States, it is now suffering from a viral epidemic that has closed down cities, travel, and an
unknown portion of its economy. But how much do we really know about its stock markets?
MRCI has 13 years of price data on the Shanghai Composite Index and 21 on the Shenzen Composite Index and will now update charts for these daily. They will be in the normal MRCI format, plotting daily prices, illustrating seasonal patterns, and with the ability to zoom, annotate, plot an RSI, etc. What immediately jumps out from these charts is that the recent market break, although perhaps exaggerated by events specific to this year, was not an isolated event. Note how the seasonal patterns identify a significant if not always a seasonal low coincident with Chinese New Year, when these markets close for a week in late January or early Feburary. Watch for MRCI to highlight such significant market events or conditions as appropriate in the future. |
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