SSE jumps and Buffett hasnt lost his touch - article follows
dow green - tick
sse green - tick
carbon tax still a drag
will see by weeks end if dow stays green
expect a retest tomorrow night
also gold and silver up so far tonight and quite a few have eye on there
slr was good to $2
http://www.reuters.com/article/2011/07/04/markets-hongkong-china-stocks-update-idUSL3E7I40AF20110704
HK, China shares jump on robust volumes
Related TopicsCyclical Consumer Goods ?
Financials ?
Mon Jul 4, 2011 5:33am EDT
(Updates to close)
* Hang Seng rises 1.7 pct, Shanghai up 1.9 pct
* U.S. macro fund seen buying China banks: trader
* Large cap energy and financial plays boost Shanghai
* Buffett-backed BYD tops outperforming autos
By Vikram Subhedar and Clement Tan
HONG KONG, July 4 (Reuters) - Hong Kong and China shares moved above their 250-day moving averages in robust turnover on Monday, on anticipation that reduced inflation pressures in the Chinese economy and favourable earnings could sustain a rally that began last week.
Optimism that authorities in China would let up on monetary tightening as economic growth moderates and as inflation peaks --coupled with projected strong corporate earnings
"Auto stocks rallied in both Hong Kong and China markets, led by Warren Buffet-backed BYD Co which jumped 10.1 percent tracking the blistering performance of its Shenzen-listed A-shares which closed limit-up and are up 71 percent from their listing price of 18 yuan a share"
HK, China shares jump on robust volumes
Mon Jul 4, 2011 5:33am EDT
(Updates to close)
* Hang Seng rises 1.7 pct, Shanghai up 1.9 pct
* U.S. macro fund seen buying China banks: trader
* Large cap energy and financial plays boost Shanghai
* Buffett-backed BYD tops outperforming autos
HONG KONG, July 4 (Reuters) - Hong Kong and China shares moved above their 250-day moving averages in robust turnover on Monday, on anticipation that reduced inflation pressures in the Chinese economy and favourable earnings could sustain a rally that began last week.
Optimism that authorities in China would let up on monetary tightening as economic growth moderates and as inflation peaks --coupled with projected strong corporate earnings.."
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