SSE COMPOSITE INDEX discussion
000001 reversal from important support level.Closing above 3300 for confirmation.
000001 fool me once, shame on you, fool me twice, shame on me. fool me the third, no way.
000001 The Shanghai Composite is barely positive for the year, has dropped 5% over the past month, and is experiencing its worst weekly losing streak in six years.The news isn't particularly encouraging—trade tensions between China and the West seem to be escalating daily, and on Friday, Washington issued draft rules for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China.
Capital flows aren't particularly supportive either. Foreign direct investment into China from January to May fell 28% to $49.7 billion compared to the same period last year, and approximately $4.5 billion has left the mainland this month via the Northbound leg of the Stock Connect Scheme, ending four months of net inflows.
