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China stocks continue rally

May 19, 2015 2:36 AM ETFXI, PGJ, CHN, EWH, GCH, JFC, CAF, GXC, TDF, FXP, TAO, HAO-OLD, FCHI, XPP, YAO, CHIQ, CHII, YINN, YANG, CQQQ, QQQC-OLD, CHIX, CHIE, CHIM, YXI, ECNS, MCHI, FCA, EWHS, FHK, CXSE, KFYP, KWEB, ASHR, CHNA-OLD, KBA, ASHS, CN, CNXT, AFTY, GLCNBy: Yoel Minkoff, SA News Editor9 Comments
  • Shanghai led Asian markets higher today, following a record session for Wall Street and a rebound in the U.S. dollar.
  • After climbing more than a third this year, the Shanghai Composite is poised to soar even further, as investors look forward to more monetary stimulus from Beijing.
  • So far, the biggest winner of the rally has been the Chinese government, which has made billions in paper profits on its stakes in hundreds of listed state-owned corporations.
  • Japanese stocks also rose to a three-week high today, following a number of better-than-expected shareholder returns and ahead of the country's GDP data - which will be released tomorrow.
  • Nikkei +0.7%; Shanghai +2.6%; Hang Seng +0.3%.
  • ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, HAO, YANG, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, CHXF, FCA, CHNA, CNXT, CHII, CHIE, ECNS, EWHS, CHIM, KBA, KFYP, FCHI, JFC, FHK, AFTY

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