The China stock market as reflected by the Shanghai Composite and Shenzhen Composite indices are at a point where they have stretched their price action out in an ever compressing pattern over the last 10 months.
This won’t go on forever and I believe we are very close to a resolution.
In today’s Asia Update video I look at the Shanghai and Shenzhen indices, Hong Kong’s Hang Seng Index, India’s Nifty 50 and Japan’s Nikkei 225.
I also review two China ADRs, Weibo (WB) and Ctrip.com (CTRP).