Puttng that in context:
- Its 87% up Year To Date
- Its 26% up from the correction earlier this year that caused world markets to stumble
- Its 18% up from the date when the goverment tried to cool the market by raising stamp duty (at which point there were reports the index was trading at 40-45x forward earnings)
Now they are allowing people to buy Hong Kong shares to try and stop it.
I suppose that's what happens when you have rampant inflation running above bank deposit rates.