The last few days have seen the Liv-ex Fine Wine 50 hit a five-month high, as the index level rose above 300. Meanwhile the Shanghai Composite Index today lifted 1.6%, ending the year up 3.17%.
The correlation between the two indices is evident, as shown in the chart below (all have been rebased to 100 on June 1st 2012). While the S&P 500 has forged its own undulating upward path over the last six months, the Shanghai Composite and Liv-ex 50 have mirrored each other’s trajectory.
As we have previously observed, there has been a strong correlation between Chinese equities and the Liv-ex indices over the last two years. This appears to be holding. By contrast, US and UK equities show a low correlation. Will China continue to drive the fortunes of the Liv-ex 50 in 2013?
aw..i hire diay nako sila kay naa ko ipadakop na demon sa skul.shinigami pangalan delmo..hahah!
Posted by: scarpe mbt | 03 January 2013 at 04:41 AM