The total value of China’s stock market has climbed to a record high of more than $10tn, as the country’s accelerating economic recovery propelled it past the previous peak hit during an equities bubble five years ago.
The market capitalisation of all shares listed in Shanghai and Shenzhen hit $10.08tn as of Tuesday’s close, according to a Bloomberg estimate.
That is above the $10.05tn pinnacle hit in June 2015 immediately prior to a historic rout sparked by a crackdown on leveraged trading, which resulted in the Chinese market plunging by half.
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