Sun Setting on Shanghai
March 10, 2008
Early in February I wrote about the Chinese stock market. Since this post the Shanghai is off some 10%. However, the bottom isn’t in. The Shanghai market has much trouble ahead, price action continues to flash bearish price action. Check out the chart:
There isn’t a direct play on the Shanghai market. However a few ETFs look interesting: EFU, EEV, & FXP. The growth story for many international stocks is driven from China. Shanghai so happens to be the industrial capital of China. How does the Chinese economy fair when its Industrial Capital, measured by the Shanghai index collapse?
Enjoy
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