Money Rushes Out of China, Floods Into Japanese Equities: No One Is Bullish on China
Money Rushes Out of China, Floods Into Japanese Equities: No One Is Bullish on China
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Chinese investors are rushing into the Japanese stock market, driving the Nikkei index up. On March 4th, the Nikkei index broke through the 40,000-point barrier, setting a new record. Meanwhile, the Chinese stock market continued its slump, with the Shanghai Composite Index falling below 3,000 points, illustrating a stark contrast in the fortunes of the two nations.
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