“After a tightening in Chinese bank lending staggered Hong Kong stocks last week, prospects for Mainland inflation sent the market reeling again this week. Investors, however, are still on their feet.
The blue-chip Hang Seng Index plunged 4.3% this week, 928 points, to 20,726. And that was after the index recovered almost 500 points from its low Friday morning in heavy turnover. The index for Chinese companies sank 3.1%, 381 points, to 11,976 this week…”
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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