India looks to have started a new run and China seems to be caught in the global euphoria.
China has opened it's money market so that domestic investors can access Hong Kong. There is so much pent up energy that there is every likelihood that the Shanghai and Hong markets will develop very quickly into bubbles. China's still trading at very low PEs so there is an extremely real possibility of 300% gains.
India is quickly getting recognition as a potential global financial super power and its share market is attracting large foreign investments looking for good returns and capital gains against the backdrop of a rising USD.
