China Ended Its Year With Another Gigantic Day

The Shanghai Composite was a huge laggard for most of the year, and compared to many global markets, its annual gain of just over 3% was fairly meh.

But the real story is the market’s huge surge in December as the data turned.

The market went out in style with a 1.6% gain following a strong HSBC Manufacturing PMI report.

Here’s the year in a chart. You can see how things got supercharged in the month of December.

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Photo: Bloomberg

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