China Leads the Pack
As of Friday, June 26, the Shanghai Composite Index is up by 61% in 2009 after an end of week rally by Chinese equities. Although there remains concern that the rally won’t be sustained, China’s government stimulus is having a positive effect.
Chinese companies had impressive gains across the board Friday with top performers ahead by more than 10%. The China Stocks and ADRs Index is up by 1.7%, outperforming the S&P 500 by 9.7% over the last month.
For more on types of Chinese investments available in the U.S., see our earlier post at http://www.liveabroad.com/index.php/news/2007/01/
Posted by on 06/27 at 08:36 AM