If you can keep your head when all around you are losing theirs, then you may have a future as a Hong Kong fund manager.
Chinese stocks have continued their long and frantic march higher this week, with the Shanghai index adding another 7 per cent and Shenzhen gaining 9.7 per cent over the past five days.
Volatility has increased, as shown by Thursday’s sudden drop and swift rebound, while trading volumes have risen to new highs. Turnover on the Shanghai exchange last month hit $2.6tn, more than five times that on the NYSE.
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