 |
| Shanghai in Cina. Fonte en.wikipedia.org. (Photo credit: Wikipedia) |
There have been ongoing worries that the Chinese economy is contracting based on recent economic data indicating a manufacturing slowdown. Further reports of the government’s desire and attempts to cool property speculation have been ubiquitous. With regards to the latter, the government has been steadily raising bank reserve requirements in an attempt to moderate speculation.
On May 2nd, 2012, the government announced an improvement in a manufacturing report for PMI (Purchasing Managers Index). It rose modestly from 49.1 to 49.3 reversing an ongoing slide if only slightly. The meager rise didn’t stop bulls from rallying stocks including Hong Kong (1%) and the Shanghai CSI 300 Index (2.18%) in an obvious short squeeze.
In the U.S. you may trade both the iShares Hong Kong ETF (EWH) and the more recently issued Van Eck China ETF (PEK), which is linked to the CSI 300 Index. However, with the latter, it has been... Continue to read.
No comments:
Post a Comment