Bullish sentiment: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai. Despite the recent rally the Shanghai Composite is still cheap compared to other stocks globally, trading at a similar discount as in late 2014.— AFP
BEIJING: Similarities between a speculative frenzy that this month added more than US$1 trillion in value to China’s stock market and 2014’s debt-fueled binge left investors wondering if a new bubble was in the making.
Familiar signs of euphoria emerged before Beijing moved to cool the rally last Friday.
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