Shanghai melt down again

Reading Time: < 1 minute It was not too long ago (April 18 to be exact) Shanghai Composite Index hit a low of this year. Shortly after that Chinese goverment issued new policies trying to stablize the market. Well, it looks like we need the goverment do something about the market again: on June 10 the Shanghai composite dropped 257… Continue reading Shanghai melt down again

Shanghai Composite 52 week low

Reading Time: 2 minutes Shanghai composite index closed new 52 week low today, at 3094.67 (down 12% compared to a year ago). (full size pic here, powered by Google Finance) But I don’t think too much of it, other than the valuation of China A share market is more attractive now. The composite index itself is screwed up because… Continue reading Shanghai Composite 52 week low

Turning point or new beginning: why the drop?

Reading Time: 2 minutes The Shanghai composites index hit a new YTD low last night (US time), with the help from PetroChina (PTR, 601857.SS) nearly 9% loss. Note PTR has 20% weight on the Shanghai index. Fundamentally, the Chinese public companies will have tough comparison this year. Last year with the effect of new accounting method (does this sounds… Continue reading Turning point or new beginning: why the drop?

SSE Composite Index, Happy New Year

Reading Time: < 1 minute Last night is the last trading day for Chinese domestic stock market, for the year of pig. According to Google Finance, the index is up 72.09% in the year of Pig. The index closed at 4,599.70, a tiny bit shy of 4,600. Shanghai composite has been up BIG two years in a row. Guess that’s… Continue reading SSE Composite Index, Happy New Year

Shui Pi predicted the China drop

Reading Time: < 1 minute Shui Pi, the editor-in-chief of ChinaTimes, predicted this China drop (or crash) in his paper. Here is the link to his article. Quoted some here: 水皮杂谈:第二次“5·30”的概率有多大 2007年的最后一期水皮杂谈,题目是“何时才能满仓等待暴跌?”,文章缘起和讯的编辑对水皮的采访,其时上证指数在4700点附近,水皮的结论是对于大多数的股票而言,已经错失满仓等待暴跌的机会了。因为绝大多数的股票在11月中旬上证指数单针探底5000点时已经探明了底部,在此后一个月上证指数的反复下探过程中,大多数的股票不但没有随风飘零,反而走上了自己的上升通道。也就是说,“八二”现象其实已经悄悄地在我们身边生成了,最近的统计数据则更能说明问题,沪深两地的上市公司中有60%的股价已经接近6000点时的价位,而深成指和深综指均已接近前期历史高位,中小板指数早就创出新高。

Is sky falling in stock markets?

Reading Time: 2 minutes It looks like it. On Monday Jan 21 we have the biggest drop of global stock markets in recent years (see the quoted news below). I want to talk a little about the Chinese market in specific. It appears to me two pieces of news helped driving the market down. The huge secondary offering of… Continue reading Is sky falling in stock markets?

Shanghai Composite Index reached 6000

Reading Time: < 1 minute Today is Oct 15, 2007. Shanghai Composites Index continued to defy the gravity, amid the central bank (People’s Bank of China) raised bank reserve rate by 0.5 again in the weekend. The composite index closed above 6000 (Sina) for the first time. Interestingly, history shows the CPC congress is bad for the stock market. Here… Continue reading Shanghai Composite Index reached 6000

500 Points Less Harmonious

Reading Time: 2 minutes All right, ever since the Chinese regulators found the silver bullet and pulled the trigger, the Shanghai composite index lost more than 500 points and a lot of people lost money or gave back the gains they already made, some of them are “crying foul” for the goverment action. Well, in stock market, just like in NBA, complaining to… Continue reading 500 Points Less Harmonious

Shanghai Composite Index 8000 ?

Reading Time: < 1 minute You know I am kidding, do you? We all know the bubble is there, but how much bubble do we got? Is bubble going to burst very soon? These are the questions the investors (more accurately speculators) in China should ask. In my mind, there are fundamental reasons for this rising of Chinese equity values: over liquidity… Continue reading Shanghai Composite Index 8000 ?

Shanghai Composite Index

Reading Time: < 1 minute Hit new high today, it closed above 3500 today (3531 to be exact). I heard from the news on April 9, there were 180,000 new stock trading accounts being opened. As you may know the new accounts and trading volume of 1st quarter already exceeded last year’s No. Feel the power of Chinese stock investors… Continue reading Shanghai Composite Index