Tuesday, 21 September 2010

Chart - FTSE ST China Index

This is the long term (5 years) weekly chart of the FTSE ST China Index. SGX is introducing the trading of ADRs next month where top China companies listed in the US will be allowed to trade on the SGX during the trading hours and you can then square off that same position in the US market. This is likely to boost interest from traders and investors who can trade in the more decent Asian hours and may also rekindle the “S-chip” sector. If you just look at the 52 weeks chart, you can see that the index is actually at one of its highest level but if you zoom out to a longer period, you can see that it is still a long way from its bubbly peak of 1,000 set a few years ago. Happy trading.

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