Fireworks during the Shanghai International Music and Fireworks Festival on October 3, 2015. Photo: Imaginechina
Upside in the world’s top-performing stock index puts it on path to break this year’s high as China turns on the liquidity taps
- The Shanghai Composite Index will probably rise to this year’s high of 3,270.80, implying an 8 per cent gain from Monday’s close, Citic Securities said
- Further loosening of monetary policies and continuing foreign inflows will buoy up stocks, China’s biggest listed brokerage said
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Fireworks during the Shanghai International Music and Fireworks Festival on October 3, 2015. Photo: Imaginechina