China stock index heads toward record in best ever start to year
David Watkins, Bloomberg News VIDEO SIGN OUT
The priciest equities in more than five years are proving no deterrent for stock traders in China, where the benchmark is now nearing its all-time high.
The CSI 300 Index rose 2.9 per cent on Tuesday to close at a 13-year high, taking this monthâs gain to 7.4 per cent its best-ever start to a year. Shares of brokerages rallied, an indicator that investors are bullish on the marketâs outlook, while turnover topped 1 trillion yuan (US$155 billion) for a seventh day in a sign of increasing activity from retail traders. A 5.1 per cent gain from Tuesdayâs close would push the CSI 300 past its record from 2007.