According to news, China securities authority has requested the QDII fund to reduce the weighting in HK market. This triggered the Hang Seng 1526.02 plunge. At the same time, drag down the S-chip as well.
I think the main purpose is to prevent the bubble spreading to HK, which should be a good thing. Think of this, the money has already being accumulated, if they cannot invest too much in HK. Where does the money go? To the S-chip and South East Asia stock!
Wednesday, 7 November 2007
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