Fidelity: We are waiting for the Chinese markets in the year of the ox
China’s modern stock exchanges can only look back on a three-decade history for the time being, but the year of the ox has so far brought investors market-worthy results. The last ox year on the lunar calendar – 2009-2010 – brought a 51 percent explosive rise in the benchmark Shanghai Composite Index. A cycle earlier, in 1997-1998, we witnessed a 27 percent rally.
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