Featured in Gene Linn’s China Weekly Roundup on EQUITIES Magazine Website
Gene Linn’s latest post, ”October 19-23, 2009 Boom Goes the Dynamite”, examines stocks in Hong Kong, China’s prime gateway. Hong Kong ended the week with a bang, surging another year-high close. Turnover for the week was strong as there were gains in autos, shipping, and other sectors which overcame weakness in Chinese telecoms.
Despite this week’s year-high close, the threat of monetary tightening that could end the bull run raised its head on Thursday. It was then that Hong Kong stocks retreated even though China announced strong third quarter GDP growth of 8.9%. During this time, Chinese authorities warned about the emergence of inflation.
Still, investors concluded that there was little danger of tightening in the near term. Eric Yuen, head of research a Guoco Group, told the Weekly Report, “I don’t expect to see any drastic change in Chinese policy until the end of the year.”
To continue reading this post and to read more of Gene Linn’s China Weekly Roundup, click here.
About Gene Linn:
After studying Chinese language in the Army, Gene Linn earned Bachelor’s Degree in journalism and a Master’s in East Asian Studies, focusing on Chinese language and politics. He worked for 14 years as a freelance business reporter in Hong Kong. One of his jobs was to write daily Hong Kong stock market reports for UPI for four years. He started writing a column on China-related stocks for EQUITIES Magazine in 2004.
About EQUITIES Magazine:
Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
