Friday, May 18th, 2012

Shanghai’s key stock index dropped more than two percent today as investors took profits after a central bank announcement said it may fine-tune the macroeconomic policy. The benchmark Shanghai Composite Index tumbled 2.11 percent, or 72.17 points, to close at 3,365.33 points. The Shanghai market is still up approximately 88% from last year’s lows. Corporate [...]

It’s official. Shanghai has clinched its place as the world’s hottest stock market, jumping an astonishing 100% from its low last year. The demand for new equities in China was underscored today with another blazing IPO. Sichuan Expressway Co. tripled on its first day of trading as an economic rebound spurs demand for equities. Toll-road [...]

Why A Strong Dollar Is Good For China’s Economy (Why and how you need to hedge against the greenback) Here’s the latest alarmist headline from TIME Magazine: “Replacing the Dollar: China’s Big Plans for Its Currency” Should investors pay heed? A lot of China watchers have been mystified by Beijing’s complaints about the stability of [...]

Fortune Smiles on China Chinese Companies Race To New Highs It’s more bad news for the U.S. as the latest Fortune 500 global ranking hits the wires. The number of U.S. companies in the top 500 has fallen to just 140. That is the lowest number since Fortune began the list more than fifteen years [...]

Stock Market Hits A New High. Too Bad for the NASDAQ and NYSE! Shares have jumped to another one-year high! Not in New York or London, of course. The action is now in Shanghai. The market there is up 61% this year alone! With the benchmark Shanghai Composite Index roaring towards the 3000 mark, some [...]