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May 12, 2007


Stocks Du Jour (FXI, GXC) & Random Observations

Good strong buying all day long. So much for that possible “major reversal.” ;-)

The FXI is very near its all-time high and the new China SPDR (GXC) just started trading recently, so I thought I’d feature their charts.

China-related stocks making Notable New Highs: iShares MSCI Hong Kong (EWH), Sinopec (SNP), Chalco (ACH), Huaneng Power (HNP), China Yuchai (CYD), Yanzhou Coal (YZC), Guangshen Rail (GSH), and Sinopec Shanghai (SHI).

And interestingly a couple of China-related stocks making Notable New Lows: Fuwei Films (FFHL) and Actions Semiconductor (ACTS).

FXI

GXC

Here’s more information on the SPDR S&P China ETF (GXC):

The SPDR® S&P China ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the S&P®/Citigroup® BMI China Index (ticker: STBCCNU) … The S&P®/Citigroup® BMI China Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of those publicly traded companies domiciled in China that are legally available to foreign investors … Gross Expense Ratio = 0.60%

This entry was posted on Saturday, May 12th, 2007 at 9:20 am (utc+8) and is filed under Stocks.

No Responses to “Stocks Du Jour (FXI, GXC) & Random Observations”

  1. Tom said:
    May 12th, 2007 at 9:32 am

    Nice on FXI

  2. Xinhua China 25 Index - (FXI) | Neural Market Trends said:
    May 12th, 2007 at 8:09 pm

    [...] I’ve been following the China iShares, FXI, for a long time now and I noticed that Maoxian posted about it nearing its all time high. This reminded me of the time when the talk was that FXI might be overextended or possibly reaching a top. At the time, it sure looked that way. I even posted on my old site saying that the trend might be over but the more I thought about it, the more I wondered if my initial call was wrong. [...]

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