Chinese stocks break out

At the end of last week, China’s services PMI hit a ten-year high, signaling not only a full rebound from the coronavirus pandemic, but an actual return to broad-based economic growth for the country’s consumer economy. Chinese stocks went crazy on the news, gapping higher into a relentless rally, taking out a five-year high. It continued overnight to begin the week, with another 6% gain. Here’s the CSI3...

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