Monday, March 15th, 2010

About: (PTR, SNP,  CSI)

Stock markets in Shanghai and Shenzhen soared today as the country’s National Day holiday came to a resounding end.
Chinese equities rose 4.76 percent on the first day of trading after the eight-day National Day holiday.
The benchmark Shanghai Composite Index jumped by 132.29 points, or 4.7 percent, to end at 2,911.72, a very [...]

China is finally feeling bullish about the stock markets once again. Just last September, Chinese regulatory authorities suspended all new IPOs following a 60% plunge in the stock market. Now the ten-month blackout is coming to an end, signaling a potentially major shift in investor sentiment. Initial public offerings are in the works for Shanghai, Hong Kong and New York.

The Shanghai Composite Index (SCI) continues to roar ahead of other global indexes again with gains this year of more than 35%! The news is even stronger if we look back to the very beginning of the market’s recovery in China last year.