Josh Lim From New York to Shanghai to Singapore, stock markets around the world have worked themselves into a state of frenzy in recent months. Equity values in China have soared close to the US$10 trillion milestone as it recovers from its biggest crash in history. But as investors continue to plough into the market, there’s the nagging worry that the rally is fuelled by risky trading – and that today’s exuberance may just be the beginning of another implosion. So who will win, and who will lose? It’s hard to tell. The heightened and unprecedented volatility that has come with the Covid-19 pandemic has made it increasingly difficult to determine who will emerge victorious in the investing w
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