All praise China A-shares!


by Chris Becker

Looks like a couple days holiday, a big parade followed by a relaxing weekend is doing wonders for risk appetite as Chinese shares open down, then lift heavenly upward, dragging along the Nikkei 225 and Yen:


But sadly not so much Aussie shares, which opened down more than 1% to below 5000 points and have only clawed back to just over that psychologically important level:


Its going to be a rough week in terms of leads with US stocks closed tonight on the Labour Day long weekend but S&P500 futures have already risen higher than Friday night’s losses, so it could be a big open tomorrow:

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  1. and in the time it takes you to publish this its now down to .26 in the green. As we’ve said before, watching the SSE is soothing (providing your money is on the right side of the fence !)

      • BoomToBustMEMBER

        I’m not, i’m keeping right out of it till it hits rock bottom, then i’ll buy something else in AU or US where the figures are genuinish.

        But if I was to start again i’d be looking at ASX:IZZ. Made some decent money there, but its trend is down. Like Warren Buffet, I only buy when the trend is up.

  2. Josh MoorreesMEMBER

    and the SSE as given it all up already. And here all I thought that was needed to fix an economy was a long weekend and national fervour!

      • Josh MoorreesMEMBER

        Don’t think that was the PPT, they can do a hell of a lot more than that.

        It’s amazing how coupled all the various markets are. You could put japan, aus, Germany etc on the same graph and they would all basically overlap and line up with the various gyrations of the Chinese market. good to know these are markets based on fundamentals though,

  3. Josh MoorreesMEMBER

    volatility seems to have all but disappeared today, although there still seems to be strong buying support to keep it in the green. Maybe the national team has learned that telegraphing your presence isn’t the smartest idea and moving the market by 3% in 5 minutes is making it pretty obvious how to trade.

  4. Just looked back for the first time since lunchtime close – ouch! (-2.7% from essentially breakeven)

    (if that’s the final result btw 10 more days like today and we’re at even stevens yoy)