I remain more concerned for the Shanghai stock market than any other in the world at this stage.
I have been writing of my concern for the China market, as represented by the Shanghai Index, since March. This concern has continued. However, today, despite a significant fall of 1.7% on Friday’s trading, I remain more positive than I had been in past reports.
This is not to say I'm bullish, rather the market seems to be stabilising and hence, this is good news.