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Another good start to the week in emerging market equities, with Chinese stocks rising sharply following news of Volvo‘s plans to buy a $1bn stake in the commercial vehicle operations of Dongfeng Motor and a government report a 17.3 per cent increase last month in industrial companies’ profits.
The Shanghai Composite index closed on Monday 2.4 per cent up, at its highest level for seven months and nearly 20 per cent above its recent low of December 3. How much more juice than can there be in the New Year equities rally? Continue reading »
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