Chinese shares rebound!

Chinese shares rebound!
Feb 4, 2008 01:29
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	According to the newspaper, shares in Shanghai and Shenzhen Stock Exchanges rebound. Stocks in Shanghai rose by 6.23%, Shenzhen 6.74%. Why did it rise abruptly? The government officials said in a report that heavy snow won't affect stock market very much. Meanwhile, it is said that several funds will be issued to stablize the market. Encouraged by the good news, those investors have regained their confidence toward the market. Do you think the bullish market will come back?

Feb 4, 2008 01:29

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

According to the newspaper, shares in Shanghai and Shenzhen Stock Exchanges rebound. Stocks in Shanghai rose by 6.23%, Shenzhen 6.74%. Why did it rise abruptly? The government officials said in a report that heavy snow won't affect stock market very much. Meanwhile, it is said that several funds will be issued to stablize the market. Encouraged by the good news, those investors have regained their confidence toward the market. Do you think the bullish market will come back?

Feb 4, 2008 11:05	#1
APAULT Points: Join Date: Mar 11, 2006 Status: Offline	They rose rapidly because there was an overreaction and sell off. There is underlying value in many Chinese companies, so I would expect a steady rise in the market. The snow will have minimal impact, it is but a fleabite on the giant Chinese economy.

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