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February 27, 2007
China Stock Market Drops 9%
Read 'em and weep. Note HSBC's Garry Evans -- a most unfortunate ex post facto comment: "I think the market had gotten a little too expensive." Another article from a Chinese perspective.
UPDATE: With remarks from Cheng Si-wei (成思危) like this, a drop can't be considered that surprising, although its one day magnitude goes beyond expectation. [More articles in Chinese here and here.]
"泡沫正在形成。投资者应关注风险，”成思危在接受英国《金融时报》采访时表示。“但在牛市行情中，人们的投资相对不理性。每个投资者都认为自己能赢，但许多投资者最终都是输家。不过，这就是他们的风险，也是他们的选择。"
Read the comments of Chinese investors here. [In Chinese.} When Chinese markets open in but 4 short hours (8.15 pm New York time), we will see if they continue to drop or, perhaps, return some equilibrium. Far from evidencing panic, you will note many comments made today, such as this one, hinted at by Cheng:
在这里可以给各位一个肯定的回答:没有,牛市没有结束!今天的暴跌可以说是大盘长期利空积累的一个爆发,这样的暴跌也是大盘在为节前出逃的资金创造一个重新进场的机会!
Comments
American-Chinese Trade and
Exchange Analysis with interesting facts and statistics.
Posted by: Carlini ![[TypeKey Profile Page]](http://www.asiabizblog.com/nav-commenters.gif)
at March 3, 2007 6:36 AM
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