| China's benchmark index hit a record high for the fourth consecutive session Thursday as more retail investors poured into the market hoping to profit from its bull run. The benchmark Shanghai Composite Index rose 0.9 percent to 4,049.70. The Shanghai index is up 51.4 percent since the start of the year on flush liquidity, after more than doubling last year. The Shenzhen Composite Index rose 1.1 percent to 1123.17 on Thursday, also a record close for the fourth straight session. "The market could rise to 4,500 in the near term if regulators don't carry out any aggressive cooling measures," analyst Wang Junqing of Guosen Securities said. "Liquidity is overly abundant amid a stock-account opening spree." |
