May 12, 2007
Crazy Turnover in China’s Stock Markets
Interesting bits from this article in the FT, Bourses in China eclipse all of Asia:
“The combined total value of shares traded on the mainland Chinese market on May 9, 2007 was Rmb376.9bn ($49bn). Wednesday’s figure was nearly double Japan’s $26.9bn turnover, and triple the $16.5bn combined trading volume of Australia, Hong Kong, Thailand, Singapore, Malaysia, Korea, India, Taiwan, Indonesia, New Zealand and Vietnam. It was still less than half Tuesday’s $122bn trading volume in the US, but well above London’s $29.4bn on Tuesday.
While the Chinese market is now the world’s second-largest in terms of turnover, it is still less than half the size of Japan’s in terms of market capitalisation, with Shenzhen and Shanghai boasting a combined $2,200bn compared to Japan’s $4,700bn, the UK’s near-$4,000bn and the US’s $16,500bn.”
May 12th, 2007 at 10:02 pm
Very interesting. It’s a pity it is also second, from the bottom, in terms of trading accessibility for non-Chinese nationals.
May 22nd, 2007 at 9:57 pm
Bloomberg has a nice function “VALU” that shows this information. It’s got a half decent history as well…
May 22nd, 2007 at 10:05 pm
Punting: Thanks for the tip … do you know how to find historical breadth information for various stock indexes?
May 24th, 2007 at 6:43 pm
Hi Chairman
Depends what you mean by breadth - if you’re talking about new highs/lows, there’s a function called “HILO”… what were you after?
May 24th, 2007 at 8:32 pm
Punting: I know about HILO; I’m looking for things like advancing vs. declining issues, advancing volume vs. declining volume, etc.
May 25th, 2007 at 10:32 pm
[…] Thanks to commenter “Punting Analyst” who hipped me to the Bloomberg function VALU. You can see how enormous the Chinese A-share market turnover is compared with other Asia-Pacific markets, including Japan. I got some historical data too for turnover and even some breadth (advancer/decliners) data for the Shanghai market, but I’m tired and have been drinking so I’ll leave the charts for this weekend. […]