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China Market
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aleoleo
Master |
18-Sep-2009 13:13
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SSE drop -ve 54 now, 3006 points, -1.76% damn, yesterday up 2 % today all give back ..... |
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aleoleo
Master |
12-Sep-2009 10:03
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Jim Rogers on China's stocks: not the time to buy
China's shares nearly doubled this year, and then plummeted 20 percent within a month. Reports asked investment guru Jim Rogers when is a good time to buy China stocks while he was attending the China International Financial Services Conference (CIFSC) held in Guangzhou on September 10.
Rogers says since 1999, he bought shares of China, and has never sold them. He believes that after ten years China stocks will still be rising, but at the same time he has sold all stocks from the other emerging market countries. Last year in October, he bought shares in China again. But the Chinese stocks he bought were H-shares, B shares, and S shares. He has never bought A shares, since the A shares are too expensive, and perhaps one day, China's H shares, B shares, S shares and A shares will merger as one kind of stocks. If signs of collapse appear in China's stock market, he would buy more Chinese stocks. He thinks this may occur in the near future, but not now, because although China's stock market is making adjustment, no one is selling Chinese shares in large quantities. Besides, China's stock market rose 80 percent in the past six months, prices have been too high, and I will not buy Chinese stocks at this time. After a year or two, I would consider buying Chinese stocks again. |
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aleoleo
Master |
03-Sep-2009 07:57
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Sep 2, 2009, 7:45 p.m. EST China to buy up to $50 billion of first-ever IMF bondsSAN FRANCISCO (MarketWatch) -- The Chinese government has agreed to purchase up to $50 billion worth of International Monetary Fund bonds, the first such notes in the fund's history, the IMF said Wednesday. The global organization said the note purchase agreement "offers China a safe investment instrument," and is part of a broader plan to help the fund weather the economic downturn. The IMF announced plans to issue bonds to member countries in June, as part of a plan to help bolster its resources. China expressed interest at that time in purchasing the notes. Other countries reportedly interested in purchasing the IMF bonds include Russia and India. The IMF said in a statement that the Chinese purchase will help "boost the Fund's capacity to help its membership -- particularly the developing and emerging market countries -- weather the global financial crisis, and facilitate an early recovery of the global economy." Chinese officials have previously held up the IMF as a possible source for a world reserve currency to supplement or replace the dominant role of the U.S. dollar. |
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aleoleo
Master |
01-Sep-2009 08:28
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A sharp drop in Shanghai stocks and weak industrial data reverberated throughout Asian exchanges today and raised fears that China’s much-vaunted economic recovery may be built on sand. The splurge of red across trading screens triggered selling in Hong Kong and Seoul – it even managed to cut short a post-election “honeymoon rally” in Tokyo. The nosedive took the main Shanghai index below its 125-day moving average, putting it officially in bear market territory and raising fears that September will see an even deeper sell-off as government stimulus measures begin to wear off. Dealers in Hong Kong said that the turmoil on Shanghai would dramatically increase the scrutiny of a series of data releases expected in coming days. The August manufacturing index and bank lending numbers are expected to be especially sensitive: the government-backed, six-month deluge of credit was supposedly leading China and the region out of its slump, although senior economists have warned that the cracks in that theory are now clearly visible. |
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dealer0168
Elite |
01-Sep-2009 07:54
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So try to reduce exposure to China Stock.............
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Integrity
Veteran |
01-Sep-2009 00:13
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China Stocks ‘In Deep Bubble,’ May Drop 25%, Xie Says Aug. 31 (Bloomberg) -- China’s economy isn’t “sustainable” and the benchmark Shanghai Composite Index may fall another 25 percent, former Morgan Stanley Asian economist Andy Xie said in an interview. “The market is in deep bubble territory,” Xie, who correctly predicted in April 2007 that China’s equities would tumble, told Bloomberg Television. The Shanghai index plunged 6.7 percent to 2,667.75 today, the most since June 2008 and entering a bear market, on concern a slowdown in lending growth may derail a recovery in the world’s third-largest economy. Xie said the index “should be 2000 or less.” The Shanghai gauge slumped 22 percent this month, the worst performer among 89 benchmark indexes tracked by Bloomberg, as banks reined in lending to avert asset bubbles and policy makers advised industries such as steel and cement to curb overcapacity. The decline stopped a rally that had sent the measure up 103 percent from a November low on prospects the government’s 4 trillion yuan ($586 billion) stimulus program and a record amount of new credit would ensure the economy grows at least 8 percent this year. “The local market bears are convinced that tightening is already underway,” said Howard Wang, head of the Greater China team at JF Asset Management, which oversees $50 billion. Only “a very strong set of macro numbers in August” or “stronger statements from central authorities” would change this trend, Wang said. Global Tumble The tumble in China stocks send the MSCI World Index of 23 developed nations down 1 percent at 10:17 a.m. New York time. The Bank of New York Mellon China ADR Index, tracking American depositary receipts, lost 2.6 percent, led by commodity producers. At least 150 stocks on the 898-member Shanghai index dropped by the daily 10 percent limit. Industrial Bank Co. and Aluminum Corp. of China Ltd. tumbled by the permitted cap after Caijing magazine reported new loan growth this month may be almost half that of July. Lower profits dragged Baoshan Iron & Steel Co., the nation’s biggest steelmaker, and China Southern Airlines Co. down at least 7 percent. Chinese stocks are trading at the steepest discount in the world compared with analysts’ price targets after this month’s slump in the benchmark index. ‘Bright Spot’ Equities in China remain “a bright spot” among global stocks because of the nation’s strong growth potential, Goldman Sachs Group Inc. said today. “We think the market concerns about a near-term ‘exit strategy’ appear premature as the government remains pro- growth,” Thomas Deng and Kinger Lau, analysts at Goldman Sachs, wrote in a research note. China may have 200 billion yuan of new loans in August, the Beijing-based Caijing reported today on its Web site. That compares with 7.4 trillion yuan for the first half of 2009 and 355.9 billion yuan in July alone. The government plans to tighten capital requirements for financial institutions, three people familiar with the matter said this month. An estimated 1.16 trillion yuan of loans were invested in stocks in the first five months of this year, China Business News reported June 29, citing Wei Jianing, a deputy director at the Development and Research Center under the State Council. |
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ericsim
Senior |
31-Aug-2009 20:08
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irregardless china stocks etc...if the sentiment is not there market will not move up but down instead. seem like china is starting the fire so they (gov) have to find ways to extinguish it otherwise spread like wild fire without control. | |||
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dealer0168
Elite |
31-Aug-2009 19:26
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Reduce exposure to China Stock. That what i am doing. Remain only those that have not reach its fair value. Example of such i will say is China FT. Those that blog up too much already, take care. (i shall not disclose so as to protect the interest of the investor) Anyway trade with care. Cheers. |
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DnApeh
Master |
31-Aug-2009 19:24
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China bear is panda only, very cute one. The fiercest is only KungFu Panda. But remember to set your stops just in case, so won't become panda yourself. |
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ericsim
Senior |
31-Aug-2009 18:58
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plunge 6.7% in a day is really abnormal!! something somewhere is damn wrong, i wouldn't consider this is healthy correction. i would consider this as hell!! | |||
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Hulumas
Supreme |
31-Aug-2009 18:43
Yells: "INVEST but not TRADE please!" |
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Do not worry China capital market healthy correction is about to end. Be ready to plug in with our fund as much as we can!!!
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aleoleo
Master |
31-Aug-2009 18:02
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Shanghai ends 6.7% lower on share-issuance worryHONG KONG (MarketWatch) -- China shares ended sharply lower Monday, with selling pressure aggravated by concerns that leading companies will issue new shares and dilute the value of existing ones, in addition to a hefty lineup of IPOs that threaten to soak up surplus cash in the system. Also weighing on the market were concerns that slowing bank lending could make it difficult for the economy to grow quickly. Shanghai's Composite Index ended 6.7% lower at 2,667.75 while the Shenzhen Composite Index plunged 7.1% to close at 904.70. DO you all think china market can continue to plunge more and more in coming days? I really have no idea, just hope that they already find the recent bottom. If not tomolo is really another bad day .... europe is plunging now as well as DOW tonite, we all know that .... hope this is factor in and tomolo wont be so jialat ...... watch out china bear, so fierce ... |
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