After Rally, Shanghai Up Nearly 7.5% From Its Lows

On the way down, there was plenty of chatter about the Shanghai Composite becoming a useful leading indicator for the US market.

If you put any weight into that idea, then you should be paying attention now to what could be the start of a rebound. It ended up Monday about .8%, and at its current level of 2490, it’s 7.3% off its recent lows.

chart

Photo: Bloomberg

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.