Hang Seng Watch.

[Fivetears]

Hang Seng Sheds 1,000 Points 06/10/08 - 07:12 AM EDT
Chinese regulators instituted another set of anti-inflationary measures over the weekend, and local indexes plummeted on the first trading day after those moves and the first trading day since the heavy U.S. selloff last Friday.
The Hang Seng Index fell 1026 points on the day, or 3.97%, to close at 23433.65. The Shanghai index fell 7.73%, to close at 3072.33. On, the Hang Seng, China Netcom lost more than 8% and China Unicom got hit by more than 7%.
http://www.thestreet.com/_yahoo/mar...20607.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
If these guys tank... watch out. We've seen it before.

 

[luv2read]

good thing it's not part of our I fund. It does have a minor effect.

 

[Fivetears]

They cr@pped out last year briefly, and took alot of TSP Talkers down a deep cavern. End of February I believe it was. Perhaps May of 2006. Date memory doesn't serve me well.

 

[luv2read]

It affects the Asian and European markets, so even though it's not part of the I Fund, it indirectly affects it. Yes, I do remember that....ew.:cheesy:

 

[Fivetears]

The 2006 one, I avoided; pulled off a 20% YTD Return; with the help of this website. Last year... I wasn't so lucky though.

 

[Fivetears]

-158.94 (-0.68%). Not real bad.
http://finance.yahoo.com/q?s=^HSI

 

[Fivetears]

The Shanghai Composite is -42.50 (-1.38%)

 

[Gaetaone]

-16.63 down.11%

 

[Corvette]

good thing it's not part of our I fund. It does have a minor effect.

The Hang Seng is part of the I fund. It is about 1.6% of the I fund.

 

[Corvette]

good thing it's not part of our I fund. It does have a minor effect.

The Hang Seng is part of the I fund. It is about 1.6% of the I fund or is there a recent change?

 

[luv2read]

good thing it's not part of our I fund. It does have a minor effect.

The Hang Seng is part of the I fund. It is about 1.6% of the I fund or is there a recent change?

My apologies.
You are correct. I was thinking of the Shanghai, which is not part of the I Fund, but does indirectly affect it. Last time Shanghai dropped big, the I fund felt it.

I'm taking this opportunity to again say a big THANK YOU for the timely, daily estimates. They are MUCH APPRECIATED!

 

[Fivetears]

To me, China is the guy who sneaks up behind you, while you're very carefully reassembling a Rochester Quadrajet, threading a needle, or icing a name on a cake, and grabs you with a bellowing yell. AHHHHHHHHHH! :nuts:

A second later, your stuff is a mess or you're bleeding.

 

[Fivetears]

The Hang Seng Index is -561.48 (-2.41%)

The Shanghai Composite is -31.28 (-1.03%)
2,992.96
Not good. :worried:

 

[Bullitt]

I wonder if Jim Rodgers is buying the dips.

 

[Fivetears]

Jim Rogers?
http://www.jimrogers.com/

 

[Fivetears]

Like I said... they sneak up behind you and...

U.S., China launch investment pact, spar on markets
U.S. and Chinese officials agreed on Wednesday to launch negotiations on a bilateral investment treaty and to expand their cooperation on energy and environmental issues, but differences remained on how quickly Beijing should liberalize its markets. At the conclusion of two days of high-level economic talks, U.S. Treasury Secretary Henry Paulson said an investment pact "would send a strong signal that our two nations welcome investment and will treat each other's investors in a fair and transparent manner." :notrust:
http://news.yahoo.com/s/nm/20080618/bs_nm/usa_china_dc_12;_ylt=Ako..KSLNIGR9DFdELT7F2YE1vAI

 

[Fivetears]

The Hang Seng Index is -403.85(-1.74%)
22,935.01

The Shanghai Composite is -50.84 (-1.73%)
2,890.27

 

[Fivetears]

Nothing like adding fuel to the fire. China, the world's second largest oil consumer, will increase retail gasoline and diesel prices by about 17%. While this may infact force the Chineese to drive a mile using our wallets, it could have a bigger negative affect on their markets.

The Hang Seng Index is not posted
22,797.61

The Shanghai Composite is -192.241 (6.54%)
2,748.87

 

[Fivetears]

The Hang Seng Index is -476.20 (2.12%)
21,979.97

The Shanghai Composite is -103.503 (3.57%)
2,798.34

 

[Corvette]

Asian markets are moving up a little right now.


Nikkei……..down 2.15%

AORD……..down 1.24%
Hang Seng.. down 1.77%
NZ50………down 2.35%