Thursday, November 8, 2007

China: "The Party's Over"

From MarketWatch:

..."The party is over," said Alex Tang, head of research for Core Pacific-Yamaichi. "It is very unlikely the market will be able to sustain its upward movement in the short term."

Tang said large institutional funds and experienced traders had turned negative on the market following the weekend news that Beijing's "through train" scheme to enable mainland investors to purchase stocks in Hong Kong is likely to be delayed until 2008....MORE