Happy Chinese New Year! Today is the first day of the Chinese New Year and it’s the year of the Rooster. This celebration actually started on Friday, New Year’s Eve and goes on for a couple of weeks. It is also called the Spring Festival. I talk about this more in a previous post.
The stock markets in China were closed on Friday and won’t open again until next Friday. The Hong Kong Stock Exchange is closed on Monday and Tuesday.
In this Asia Update video I look at China, both the Shanghai Composite and Hong Kong’s Hang Seng Index and India’s Nifty 50.
I also review two China ADRs, SINA and Vipshop (VIPS). VIPS is creating a very interesting potential bottoming pattern.
Vipshop started trading on the New York Stock Exchange on March 23, 2012. (Photo by Ben Hider/NYSE Euronext)
In this Asia update video I review Hong Kong’s Hang Seng index and India’s Nifty Fifty index. Mainland China is on holiday this week with the Shanghai Stock Exchange closed. I then check in on SINA and Vipshop (VIPS).
Brief video update on China’s Shanghai Composite Index plus 2 very actively traded Chinese stocks trading in the U.S.
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