A-Share Total Market Cap Don Pass RMB 100 Trillion
China A-share Market Cap don cross RMB 100 trillion for di first time, e reach record high as of August 18. Di combined market value of all A-share companies wey dem list reach dis level based on di latest price and total share count. Agricultural Bank of China na di top wit market cap of RMB 2.19 trillion, come second na Industrial and Commercial Bank of China wit RMB 2.02 trillion. Four other stocks dem—Kweichow Moutai, PetroChina, Bank of China and CATL—each pass di RMB 1 trillion market cap. Dis one show say investors get strong confidence and plenty liquidity dey for China equity market. Even though traders fit see di record A-share Market Cap as sign say large financial and industrial stocks go do well, di high valuation level also mean make dem dey cautious for possible market corrections.
Neutral
Di A-share market cap milestone show sey investors for China get strong confidence and sey their market dey liquid well, but e no get much direct effect for crypto sector. Even though stock market wey reach record high fit mean say people dey more willing to take risk, na small correlation dey between Chinese stocks and crypto prices based on past data. Traders suppose dey watch how assets dey move, but this one alone no go likely cause big movement for crypto market either short term or long term.