Day: August 8, 2007

Reading Time: < 1 minute Yesterday, ICBC, Industrial and Commerce Bank of China (6001398.SS), went up 0.57 (just one cent shy of 10%), and closed at 6.37 Yuan. With that price, ICBC exceeded Citibank and became the world largest bank (market cap wise), and closes in Microsoft in terms of market cap (bloomberg). I remember last time ICBC closed in

stlplace
August 8, 2007

Reading Time: < 1 minute I placed a market order before the market open. The last time I did something similar is two years ago when the Ninetowns reported that their customers (Chinese goverment) would no longer pay them for the software. They would get a free version instead. But HLYS did worse in terms of the stock. It closed

stlplace
August 8, 2007
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