Policy ease isn't yet taking in Shanghai, where Monday's 1.6% slide brought Composite Index to a...


Policy ease isn't yet taking in Shanghai, where Monday's 1.6% slide brought Composite Index to a 5-month low. Kudos to those who sold the rally following the June 7 cut in rates - the market is off about 6% since. At a PE of 9.7X vs. a 5-year average of 17.7, the Shanghai Composite seems cheap, but how trustworthy are the profits? A look at FXI vs. SPY YTD.

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Comments (1)
  • remurraymd
    , contributor
    Comments (2274) | Send Message
     
    Rate cuts are very bullish longer term for (FXI) but do not work instantly. Selectively buying high quality dividender growers like (CHL) with the upcoming (AAPL) alliance wisest China play currently for us buying big dips only.
    25 Jun 2012, 07:52 AM Reply Like
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