The Shanghai stock market had its best month in two years in November, with its Composite Index rising 11%, Bloomberg reported. China’s efforts to boost economic growth were cited as the main reason for the surge, which was driven by investment in traditional industries such as banking, construction and real estate, with the property market seeing the largest increase at 21%. Meanwhile, the tech sector was impacted much less, with one analyst citing increased availability of funds from lower rates and increased liquidity as major drivers in the rise of construction and heavy industry markets.
Categories