Singing the Same Tune? ; When It Comes to Stock Markets, the Chinese Influence On India has Been Growing Consistently.

Summary

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When it comes to stock markets, the Chinese influence on India has been growing consistently. A recent study shows that the intensity and direction of movement between Chinese stock exchanges, including the Shanghai Composite Index and Hang Seng Index (which tracks the performance of mainland China companies), and the Indian equities have been quite similar.

Sample this: On August 17, when the Shanghai Composite Index tumbled 5.8 per cent on fears that money spent on stimulating the economy could cause a bubble in stock and property markets, the BSE Sensex fell 4.1 per cent, or 627 points. Again on August 31, the Shanghai Composite fell 6.7 per cent, dragging the Sensex down by 1.6 per cent.

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Singing the Same Tune? ; When It Comes to Stock Markets, the Chinese Influence On India has Been Growing Consistently.

According to estimates, the correlation betwe...

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