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China goes its own way again, Shanghai rallying (+0.5%) off a 6-month low as most other markets...

  • Wednesday, July 11, 2012, 7:17 AM ET
    China goes its own way again, Shanghai rallying (+0.5%) off a 6-month low as most other markets sank amid slowing economic growth worries. Chatter about fiscal stimulus was the excuse for buying, but the market has been through a rough patch and was set for a turn. China Southern Airlines (ZNH) tumbled as the slowdown threatens its entire H1 profit.
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    Chinese markets go up or down is irrelevant. This is not a place to buy shares as the locals are never going to allow some ''silly'' foreigners to make easy money. You might as well try the slot machines in Vegas. The Chinese stock market is also not a good indicator of what is going on in the economy. I look at it just out of curiosity.
    11 Jul 2012, 07:25 AM Reply Like
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