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Asian stock exchanges are getting ahead of themselves

China, Hong Kong and Myanmar's bourses have all made hasty moves recently

| China
Opening ceremony of the Yangon Stock Exchange center in December 2015: among the bourse's five listees are banks, investment companies and a real estate developer.   © Reuters

Last week, three Asian stock exchanges proved more interesting than even the companies trading on them.

First, China scrapped foreign investment quotas in ways sure to flood Shanghai and Shenzhen with "buy" orders. Removing the $300 billion cap on overseas purchases is the most impactful opening to date.

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