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LOL it's their nature. Nothing new.
sinetic8 ( Date: 20-Jun-2010 22:55) Posted:
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Yuan Policy Move May Boost China’s Stocks, CICC, SocGen Say
By Bloomberg News
June 20 (Bloomberg) -- China’s pledge to make the yuan more flexible may boost shares denominated in the currency when markets open tomorrow, China International Capital Corp. and Societe Generale SA said.
“If it leads to appreciation for the yuan, it’s good news for the market,” Hao Hong, global equity strategist for CICC in Beijing, said in a report today. “Investors will want to get into Chinese assets because they will be worth more. It will also deflect political criticism and help stem inflation.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aniIRBnJVtrk#
Fu ming xia representing CHINA?
| Index | Last | Change | % | High | Low | Time |
|---|---|---|---|---|---|---|
| STI | 2838.31 | -5.64 | -0.2% | 2854.99 | 2836.50 | 14:44:45 |
| Hangseng | 20157.44 | 19.04 | 0.09% | 20315.42 | 20143.62 | 14:44:46 |
| Nikkei225 | 9995.02 | -4.38 | -0.04% | 10029.11 | 9965.16 | 15:00:02 |
| SSE | 2511.46 | -48.78 | -1.91% | 2568.86 | 2511.20 | 14:44:48 |
| KLCI | 1308.78 | 4.31 | 0.33% | 1313.88 | 1306.00 | 14:42:46 |
| SET | 787.86 | -1.48 | -0.19% | 791.92 | 786.29 | 12:30:04 |