Lunar new 12 months holidays imply China is closed all subsequent week
Chinese language markets are closed all through subsequent week to rejoice lunar new 12 months. 2019 is the 12 months of the Pig for the primary time since 2007.
The Shanghai Composite completed close to the highs of January at the moment, up 1.three%. The index is down 27% since final February.
Nevertheless, Stansberry Pacific Analysis notes that the historic returns within the 12 months of the Pig since 1988 have been nice at +25.2%, third finest on the Chinese language zodiac.
The Chinese language market is comparatively new in order that’s solely three information factors. Nevertheless utilizing the S&P 500 as a benchmark, the pig lives as much as its identify. It is imply return since 1928 is 18.1%, one of the best on an Chinese language 12 months.