Where Data Tells the Story
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Turns out mass inexperienced investing can have major effects.
In 2015, China's stock market experienced a surge in retail investor activity, fueled by speculative reading and easy credit.
As a result, the Shanghai Composite Index, which had been climbing rapidly, peaked in June before crashing 30% over the next three weeks.
As of March, 2025, the Shanghai Composite Index has not yet recovered its 2015 high.