And China-H pops 3% :))
I need a job at Goldman et al... What a great way to trade.
China Stocks Set for 2010 Rally, Goldman Sachs Says
Jan. 5 (Bloomberg) -- Investors should be positioned for a rally in China stocks in the first quarter of this year, driven by favorable policy and liquidity, Goldman Sachs Group Inc. said.
Macro growth momentum and policy variables could dictate the path of returns, which could be skewed to the first and fourth quarters and could show high volatility on tightening concerns, Thomas Deng and Kinger Lau, analysts at the brokerage, wrote in the report.
Chinas CSI 300 Index rallied 97 percent last year while the Hang Seng China Enterprises Index, tracking so-called H shares of Chinese companies listed in Hong Kong, rose 62 percent. The results were helped by aggressive government stimulus globally, the analysts said. Those measures included 9.2 trillion yuan ($1.35 trillion) of new loans and a $586 billion domestic stimulus package in China.
http://www.bloomberg.com/apps/news?pid=20601089&sid=a1DmmU.kEBMk
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