JAMIE MCGEEVER: Chasm between US and Chinese equity markets widens
US is an unavoidable destination for big global investors while the market in China has become ‘uninvestible’
15 February 2024 - 05:00
Orlando — The US and China may be close rivals as global economic heavyweights, but they are nowhere close in the world of equity market values.
Boosted by the latest wave of the seemingly never-ending rally in the “Magnificent 7" group of leading tech giants, the US share of global market cap is hitting historic highs just as China’s far smaller slice shrinks further...
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