With the recent holidays, Chinese markets sidestepped the turbulence in global markets last week. The question now is, will China play catch up and spark another global sell off this week?
The SSE 180 index of the Shanghai Stock Exchange closed last at 10,894.75 points on February 5, 2008. The SZSE index of the Shenzhen Stock Exchange closed last at 16,859.64 points on the same date.
The Philippines avoided the troubles as well, barely moving up or down at very meager trade values on the days of the lunar holidays. With foreign selling coming to a halt, perhaps our own market is raring to make a rally this week. I hope China markets are raring to rally too.
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