“Hong Kong partly rebounded from a five-day, 1,138-point losing streak the last three trading days this week to add a little festive spirit to the holiday. But turnover was weak, and the market still faces formidable obstacles.
With the Hong Kong exchange closed on Christmas, the blue-chip Hang Seng Index ended Thursday's half day of trading up 1.6% for the week, gaining 341 points to 21,517. The index fell below its 100-day moving average late last week and dropped below 21,000 on Monday. The index for Chinese stocks rose 2.7%, 339 points' to 12,674…”
To continue reading this post and to read more of Gene Linn’s China’s 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:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
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