- Shanghai led Asian markets higher today, following a record session for Wall Street and a rebound in the U.S. dollar.
- After climbing more than a third this year, the Shanghai Composite is poised to soar even further, as investors look forward to more monetary stimulus from Beijing.
- So far, the biggest winner of the rally has been the Chinese government, which has made billions in paper profits on its stakes in hundreds of listed state-owned corporations.
- Japanese stocks also rose to a three-week high today, following a number of better-than-expected shareholder returns and ahead of the country's GDP data - which will be released tomorrow.
- Nikkei +0.7%; Shanghai +2.6%; Hang Seng +0.3%.
- ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, HAO, YANG, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, CHXF, FCA, CHNA, CNXT, CHII, CHIE, ECNS, EWHS, CHIM, KBA, KFYP, FCHI, JFC, FHK, AFTY