Like a breaching, battle-scarred orca, the SCI cleared the 2,000-point mark this week, but we’re not convinced it won’t return to the watery depths in the near future. In the meantime, we’re enjoying the ride: the SCI is up 147.5 points, or about 7%, from its close last Friday, and while we haven’t been doing […]
Category: Markets
Anhui Conch Cement (600585.SH) continued to roll this week, jumping the 10% daily limit on Thursday after the central bank announced heavy interest rate cuts. Two weeks ago, Conch posted a 30% gain when details of the government’s stimulus package were announced. We’ll monitor for new details of the package with fingers crossed for more […]
This week proved once again (as if more evidence were required) that the A-share market is little more than the twitchy knee and lower leg that jerks sharply upward when hit by the mallet of policy announcements.* Thanks to the big fiscal spending package China announced over the weekend, the market has been swinging north […]
A shorter post today. It’s been another week of sound and fury, signifying nothing – or very little, anyway. After ending last week at 1,728.78 points, the SCI closed today at 1,747.71 a modest weekly gain that obscures a sharp rise on Wednesday followed by an almost-as-sharp fall on Thursday. Happily, the Fund once again […]
After last week’s history lesson in reverse, the SCI has spent this week firmly planted in the 18th century. To drop a tired metaphor, it didn’t rise above 1,800 points all week and currently finds itself at 1,728.79. What has been going on? Beijing hasn’t been standing aside – there was of course the 0.27-percentage-point […]
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