China
Chinese ADRs Monthly Update – June 2008
Comparing to what happened to Chinese stocks listed on U. S. stock exchanges, the drop in major U. S. equity indexes is minor, though the Dow Jones Industrial Average did lose more than 10% in just one month (10.19%). During the same time period, the NASDAQ dropped 9.12% and the S&P declined 8.57% as jitters [...]
Chinese ADRs Monthly Update – May 2008
After rebounding sharply in April, major U.S. stock indices ended May mixed. The Dow lost 181.81 points, or 1.42%, the NASDAQ rose 109.86 points, or 4.55%, and the broader S&P 500 added 14.79 points, about 1.07%.
Chinese stocks listed on U.S. exchanges also had a mixed month. Among the 82 stocks that make up the Chinese [...]
Chinese ADRs Monthly Update – April 2008
April has turned out to be a pretty good month for equity investors. After all three major indices dropped to 52-week low in early March, stocks rebounded last month after financial firms indicated that the worst part of the current crisis may be over. The Dow ended April with a gain of 4.54%, the S&P [...]
Chinese Currency (RMB) vs. US Dollar
The other day, one of my friends who will travel to China next week sent me a link to a chart. It is the 5-year relationship between Chinese currency and US dollar. I know that Chinese Yuan (RMB) has appreciated quite a bit since the pegging ended in July 2005. I also noticed [...]
Chinese ADRs Monthly Update – March 2008
Another month has passed and there was still no sign of a bottom for Chinese stocks traded on US exchanges. In fact, March was a pretty bad month for Chinese ADRs, with 60 of the 87 stocks I tracked ending the month in the red. Among the losers, China Finance Online (JRJC), which is a [...]
Chinese ADRs Monthly Update – February
Chinese stocks listed on US stock exchanges had another rough month in February. Of the 84 Chinese ADRs I track, winners and losers are virtually evenly split: 43 had a losing month while another 41 gained. Biggest losers again were alternative energy stocks, with Suntech Power (STP) leading the way with a drop of nealy [...]
Happy Chinese New Year!
To those who celebrate The Year of Rat!
Chinese ADRs Monthly Update
The first month of 2008 was pretty bad for domestic stocks, but if you look at the performances of the following Chinese ADRs, you may feel better because the Dow *only* lost 4.63% for the month.
Chinese stocks traded on NYSE and DASDAQ continued to struggle as many suffered double-digit loss in January. In fact, of [...]
2007 Chinese Stocks (ADRs) Return
2007 was a great year for Chinese stocks. For investors who own Chinese stocks traded in the US (the ADRs), chances are good money were made last year. Even if you invest in exchange-traded funds (ETFs), the returns were also very impressive. For example, iShares FTSE/Xinhua China 25 Index (FXI) returned 58.7% in 2007, PowerShares [...]
China Life Closed at All Time High
It was just a week ago I was troubled by the steep decline of China Life Insurance (LFC) after the stock lost more than $12 in two weeks. Sure the market was cooperating during that time period when everything was down, but the more than 18% drop was a little bit scary. Then just as [...]
