Bulls In The China Shop
The Chinese New Year doesn't begin until the middle of February, but in one respect, the country already seems to be making a fresh start. Chinese stocks trading in Hong Kong, New York, and Shanghai are staging a surprise rally after plummeting in 1995. The Credit Lyonnais Securities H-Share Index of Chinese companies listed on the Hong Kong Stock Exchange rose 29%, from 806 on Dec. 27 to 983 on Jan. 5. That's a 44% gain from the record low set on Nov. 16.
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