Beverly Hills 2/18/2010 4:05:20 AM
News / Business

In China, Stampeding Ox Ends Strong

Gene Linn’s China Weekly Roundup Blog, EQUITIES Magazine

China expert Gene Linn talks about the first steps of the Chinese market in the Year of the Tiger.

“The Chinese Year of the Ox ended at a gallop on the way to a 60%-plus gain. But the Year of the Tiger beginning Sunday will likely start out cautiously.

The Hong Kong blue-chip Hang Seng Index closed the week up 3.1%, 608 points, to 20,269. The index for Chinese stocks rose 3.6%, 404 points, to 11,536.

Two factors drove gains this week, Ben Kwong, chief operating officer at KGI Asia, told the Weekly Roundup. One was optimism that other European nations would help Greece avoid a default on its debt. The other was a lower-than-expected result for Chinese consumer inflation in January, which eased worries China would further tighten monetary policy…”

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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