The Capitalist Roader Fund is on the road again! More correctly, we’re on the open seas. Inspired to giddy capitalist excesses by the paper profit of our investment in China Vanke (000002.SZ), we have plunged into what we expect are the profitable waters of shipping and bought 100 shares of China COSCO Holdings (601919.SH) at […]
Category: Markets
The Shanghai Composite Index (SCI) retreated this week after a short and sharp charge returning from the National Holiday period. At the final bell, the score was 2,976.63, knocking off 0.11% from last week’s close. China Vanke (000002.SZ) was a stellar performer this week, fueled by an announcement that sales values for the first three […]
Despite the mainland markets falling to four-week lows before the national holiday, investors returned to the market reinvigorated and pushed hard for the week’s one day of trading. This is unsurprising, as many investors reduced their exposure in order to minimize risk over the long break. With no economic disasters (touch wood), investors are happily […]
The market got splashed with cold water this week, with the Shanghai Composite Index dropping around 3.5% from last week to finish at 2,838.84. The source of the wake up call is investors’ concerns over the four initial public offerings approved for China’s new Growth Enterprise Market (GEM) board for small cap stocks in Shenzhen. […]
After a dodgy start to the week, markets have regained some confidence and we’re back where we were last Friday, more or less. The Shanghai Composite Index (SCI) rose slightly on Friday following a 4.8% gain – its biggest in six months – on Thursday. Even in Shanghai, that kind of gain rarely happens without some […]