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Ciao · #1 10-25-2007, 01:56 AM

info, for those that trades "Chinese" shares
China A-shares end morning sharply lower on rate hike worries after Q3 growth

Quote:

SHANGHAI (XFN-ASIA) - China A-shares finished the morning session sharply lower on concerns the government might raise interest rates in response to third-quarter economic data indicating still rapid growth despite efforts to slow it down.

The government reported this morning that China's economy showed some signs of deceleration in the third quarter, but remained at a high rate of growth with an 11.5 pct year-on-year increase in gross domestic product, prompting authorities to warn of the dangers of over-rapid growth.

According to the National Bureau of Statistics, China's September consumer price index rose 6.2 pct year-on-year. The CPI index was up 4.1 pct for the January to September period.

Market liquidity remained tight as some institutional investors continued to reduce their holdings to raise cash for the PetroChina A-share offer.

Quote:

SHANGHAI (XFN-ASIA) - China B-shares ended the morning session broadly lower, tracking sharp losses in their A-share counterparts as investors worried about possible interest rate hikes following the release of still strong economic growth for the third quarter

Ciao · #2 10-25-2007, 02:14 AM

As I scalp/in-out quite few Chinese shares quoted on the Nasdaq I was wandering if that effect those here (it must do)
any comments would be appreciated
grazie =thanks

**BadThad** · #3 10-26-2007, 11:27 AM

Your post from the deleted thread:

Quote:

For info
As it is in English, I post it here, because IMHO sometime it is as important to read from different sources and views in order to have and form a proper opinion….
I read and research a lot and I can go in different Nations (French, English, Spanish) to have a clear picture, but as always I don’t believe everything I read
In the institutions, newspapers, etc… there are de/rumpers as much as around BBs (forums) except here of course LOL
To my way of trading “sentiments + market psychology” are very important ;)

Quote:

SINGAPORE (Thomson Financial) - Most Asian stockmarkets rebounded Thursday as investors bet the Federal Reserve will again cut its key rate to stabilize credit market conditions when it meets next week.

But mainland Chinese markets eased on concerns China may take further tightening measures to prevent the economy from overheating further. China's GDP grew 11.5 percent in the third quarter from a year earlier, after rising 11.9 percent in the second quarter.

Signalling that credit market conditions are worsening, Merrill Lynch reported Wednesday a larger-than-expected writedown of 7.9 billion US dollars, sending share prices in New York lower. But the market recovered by the close on speculation that the Fed will cut its discount rate ahead of its Oct 30-31 meeting.

Bank of America, which last week reported a 32 percent drop in third-quarter earnings due to trading losses and writedowns, said it will cut 3,000 jobs as it launches a strategic review of its investment banking business. Citigroup Inc and Washington Mutual also reported dismal earnings last week.

The troubles faced by financial institutions in the US are likely far from over as the housing market continues to soften. The National Association of Realtors reported that existing US home sales fell for the seventh straight month in September by a larger-than-expected 8 percent -- the biggest decline in records dating back to 1999.

Such troubles in the US will likely cement the Fed's resolve to further ease interest rates, giving more reason for Asian stocks to rally. The markets are generally expecting the Fed to make a 25-basis-point cut in policy rates next week, which should further bolster interest in Asian equities.

'It should be good for Asia. The Asian banks do not have much exposure to the US subprime market,' said Hong Kong-based Khiem Do, head of multi-asset strategy at Baring Asset Management.

**BadThad** · #4 10-26-2007, 11:29 AM

Quote:

Originally Posted by Ciao

As I scalp/in-out quite few Chinese shares quoted on the Nasdaq I was wandering if that effect those here (it must do)
any comments would be appreciated
grazie =thanks

Sorry I have no comment, I stay away from the Chinese stocks as I've been burned by them before.

Ciao · #5 10-27-2007, 03:08 AM

Quote:

Originally Posted by BadThad

Sorry I have no comment, I stay away from the Chinese stocks as I've been burned by them before.

Thankx Bt to delete my double thread...
I agree with the Chinese stocks.... but very profitable to scalp them.....

by the look of so many answers :rolleyes: it look likes that you are not the only one.... ;):D