"Shanghai Pushes To A New Post-2008 High While Hong Kong Languishes"

As we noted in April 13's "Please, For The Love Of God and All You Hold Dear, Give BlackRock Some Liquidity! (CNYA)" because of changed Wall Street marketing dynamics it is still too early to use the roll-out of the BlackRock "A" share ETF as a 'tell' to short the Chinese markets for more than a day but it sure was a sign to pay attention.
Thanks Izzy.

From Barron's Asia Stocks to Watch, June 5:

The Shanghai Composite Index closed above 5,000 for the first time since the 2007 bubble, rising 1.5%.

Today was another day of heavy trading. The Shanghai and Shenzhen stock exchanges transacted 2.3 billion yuan. The Shenzhen Composite Index gained 0.9%, but the Nasdaq-like ChiNext Index fell 1.5%.
The Shanghai Index is now just 18% shy from its all-time high.

Heavy trading with an upward drift… This is great news for China’s brokers. See my earlier blog “Chinese Brokers Make Millions From The Bull Market“.

Hong Kong seems to struggle to catch up to mainland China’s bull. This week, the Shanghai Composite Index gained 8.9% while the Hang Seng China Enterprises fell 1.1%....MORE