Jim Cramer compares the recent surge in Chinese stocks to the flow of capital from tech and crypto markets into China. He suggests that China is now attracting significant investment, potentially surpassing the attention on tech and cryptocurrency.
As many may know, Chinese stocks have been on a crazy parabolic run in recent days after the People's Bank of China, a key player in the country's monetary policy, eased policy and lowered interest rates. The result was immediate as, for example, the China A50, a major index of the Chinese stock market, has soared over 41% since Sept. 18.
In other words, Cramer is saying that China is now becoming the main attraction for traders and investors, and all those who have been trading tech stocks and While such a correlation is something to look into, the argument can be made that crypto and NASDAQ as the main index for tech stocks are still on the rise since mid-September. Maybe the inflow of capital into these markets has slowed down a bit, as attention has been focused on the Chinese fund market, but the crypto market and U.S.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
CN STOCKS CHINA A50 JIM CRAMER TECH INVESTMENTS CRYPTO MARKET
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