Saturday, September 25, 2021

China stock bear market

 The Chinese stock market ETFs, traded in The US, topped in February. So, it is interesting that the news concerning The Evergrande Group - Real Estate Company, blew up over the past week, looking at search statistics on Google Trends.

The iShares MSCI China ETF (MCHI), on a relative strength basis, 200 day moving average, is trading 22% below the SPDR S&P 500 Index ETF (SPY). Stock chart below:

iShares MSCI China ETF (MCHI)

 

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