So who or what was to blame for the drop in the market this time. As all the headlines in the news stated it was China. Yes, the Chinese market had a huge drop, but did anyone mention that it had also risen 100% in value in a 9 month period prior to this? That is a huge rise in a short period. We have not seen that sort of rise in the Aussie or the US markets in such a short time. It took more than 4 years for both the Aussie and US markets to double in 2003-2007 and another 4 years for the US to double from 2009 until mid 2013. Yet, it’s very interesting China did it in 9 months. Let Justine show you the chart of the Shanghai index in her latest market update.
