The SCI has peeked back up over 1,900 points again, but as the week ends, little has changed. A small glimmer of hope for our infrastructure play, Anhui Conch Cement (600585.SH) might be the news that bank lending was up 19% in December thanks to interest rate cuts and easier access to credit (so we’re […]
Category: Markets
We may have entered a new year, but the China’s investors don’t seem to have noticed. That means more of the same: An index hovering around 1,900 as hopes for an economic rebound meet with worries about the coming year. If there is a change, it may be toward increased pessimism. We’ve heard Finance Minister […]
On this day last year, you will remember, the SCI closed at 5,272.814 points. In our January 2008 issue, we noted that institutional investors were convinced the market would rebound to 6,000, and maybe go as high as 8,000. When we entered the market with our purchase of shares in Anhui Conch Cement (600585.SH) on […]
Like a petulant boy whose parents bought him the wrong-colored truck for Christmas, the Shanghai markets threw a tantrum this week, falling once again below 2,000. Wednesday saw the steepest fall – by 4.55% to 1,897.225 – as investors digested (and spat out) news of another interest rate cut – not the wrong color, but […]
Stability he wanted and stability he got. “If there is no stability, then nothing can be achieved, and what achievements we have made will be lost,” said Hu Jintao at an event to mark the thirtieth year of reform and opening (and to launch a new rash of slogans). The news cycle seemed happy to […]
You must be logged in to post a comment.