HONG KONG -- The Shanghai Composite Index ended up for the fifth straight day Monday, hitting its highest in about seven months. The good run comes on the back of hopes for an economic recovery in China. Investors are getting bullish, fueling expectations that stock prices will rise further.
Nevertheless, Shanghai stocks are believed to be lagging and momentum is weak compared to those in Hong Kong. Deep-rooted structural issues that will take time to resolve mean mainland China stocks are not likely to rise sharply.
