China mainland shares have resumed their rally, with the Shenzhen closing up 4.8 percent and the up 4.7 percent, after a wild prior week that saw both indices drop.
Still, the whole world has been watching one of the great runs of the century in China's domestic market this year.
China domestic stock market (YTD)
Some of this is due to the continued stimulus from the Chinese government, some of it due to more trading using the Shanghai-Hong Kong link, and some may have been in anticipation of a decision that is looming from MSCI, the world's biggest indexer.Read More
On June 9, MSCI will announce whether mainland China shares will be included in its Emerging Markets Index, which is the index used for the largest Emerging Market ETF.
If that happens, it could change the dynamic of global investing. A lot of western money managers will be buying mainland Chinese shares.