Presidents' Day Schedule
US Markets, Monday, February 15, 2016
All US markets (including equity, option, and fixed income) will be closed in observance of Presidents' Day
There will be no Pre-Market or After Hours trading sessions
02/15/2016 Monday Family Day Toronto Stock Exchange CANADA closed.
Shanghai Stock Exchange CHINA re-opens tonight.
China @ 2/05/2016 close 2,763
SHCOMP Shanghai Composite Stock Market Index YTD RETURN
-23.95%
Current
China’s stocks slumped as trading resumed after a week-long holiday which saw global equities enter a bear market on concern over the strength of the world economy.
The Shanghai Composite Index dropped 2.4 percent to 2,698.16 as of 9:47 a.m. local time, led by financial and industrial companies.
http://www.bloomberg.com/news/articles/2016-02-15/china-s-stocks-tumble-as-markets-reopen-after-week-long-holidayhttp://www.tradingeconomics.com/china/stock-marketJapan jumps near 5% @ open
http://www.tradingeconomics.com/japan/stock-marketUpdate
The Topix surged 7.2 percent to 1,282.50 as of 1.11 p.m. in Tokyo, heading for its biggest gain since October 2008, after plunging 13 percent last week.
http://www.bloomberg.com/news/articles/2016-02-15/japan-stocks-rise-first-time-in-four-days-after-last-week-s-rout
Comments
I'll see your Red Chip and raise you a P Chip
Hong Kong Stock Market (HSI) 1964-2016 | Data | Chart | Calendar
Hong Kong HSI Index ( Heng Seng ) increased 603.1 points or 3.29% to 18926.13 on Monday February 15 from 18323 in the previous trading session. Looking back, Hong Kong HSI Index lost 5756 points or 23.32 percent during the last 12 months from 24,682.54 points in February of 2015. Historically, the Hong Kong Stock Market (HSI) reached an all time high of 31638.22 in October of 2007 and a record low of 58.61 in August of 1967.
http://www.tradingeconomics.com/hong-kong/stock-market
Shanghai Composite Stock Market Index 1990-2016 | Data | Chart | Calendar
Shanghai Composite Index decreased 16.8 points or 0.61% to 2746.20 on Monday February 15 from 2763 in the previous trading session. Looking back, Shanghai Composite Index lost 457.6 points or 14.28 percent during the last 12 months from 3,203.83 points in February of 2015. Historically, the Shanghai Composite Stock Market Index reached an all time high of 6092.05 in October of 2007 and a record low of 99.98 in December of 1990.
http://www.tradingeconomics.com/china/stock-market
The MSCI China Index is a free float–adjusted market capitalization–weighted index of Chinese equities that includes China-affiliated corporations and H shares listed on the Hong Kong Exchange, and B shares listed on the Shanghai and Shenzhen exchanges.
The MSCI China Small Cap Index is a free float–adjusted market capitalization–weighted small cap index of the Chinese equity securities markets, including H shares listed on the Hong Kong Exchange, B shares listed on the Shanghai and Shenzhen exchanges, and Hong Kong-listed securities known as Red Chips (issued by entities owned by national or local governments in China) and P Chips (issued by companies controlled by individuals in China and deriving substantial revenues in China).
I own Matthews China Small Companies Fund MCSMX
Benchmark
MSCI China Small Cap Index
Click Benchmark link on this page for complete Asian Benchmark Indices
http://matthewsasia.com/our-funds/f-15/matthews-china-small-companies-fund/investor/overview.fs
Added
Andy Rothman
Investment Strategist Matthews Asia
Summed it up here (paraphrased) in Matthews Jan 2016 commentary.
A-share market has never been a good indicator of the Chinese economy.More thinly traded and more representative of China's old state owned companies.Not the consumer and service firms that are generating China's growth.
http://us.matthewsasia.com/resources/docs/pdf/Perspectives/China-Update-Transcript.pdf
I thought MACSX is "the chicken way to invest in China" since it has considerably more in Hong Kong.
"Actually, the main Chinese exchange is up 3.27% as of 7:30 this morning. That's Hong Kong. It has always been where most Chinese stocks are traded, and most likely always will be. Folks who look to the Shanghai exchanges as a snapshot of China are barking up the wrong tree. That exchange and the stocks it represents are teeny in comparison to Hong Kong"
Mona
ChinaFile-
Without Reform from Beijing, ‘The World Will Endure More China Scares’
Is China really heading for a hard landing? Experts say it's quite likely, as long as the ruling party thirsts for control.
BY ARTHUR R. KROEBER, Managing Director of GaveKal Dragonomics: STEPHEN S. ROACH,Senior Fellow at Yale University’s Jackson Institute of Global Affairs and former Chairman of Morgan Stanley Asia:ORVILLE SCHELL the Arthur Ross Director of the Center on U.S.-China Relations at the Asia Society in New York:JANUARY 28, 2016
Gone are the days of Mao Zedong’s “self reliance” when China’s economy was an autarky and global markets, such as they were, paid little attention to Beijing’s economic successes and failures. However, now that enthusiasts of globalization have woven an ever-tighter fabric of interdependence between all the world’s major economies, what happens in China matters elsewhere. For better or worse, we are all in a common enterprise from which there is no escape.
Xi may have publically proclaimed that market forces must be allowed to play a greater role in the allocation of capital, but when the economy actually comes under siege, the party’s response seems to inevitably marshal massive state intervention, greater regulatory controls, and more manipulation of the press. We saw these dynamics first come into play in summer 2015 when China’s Shanghai and Shenzhen stock markets went into meltdown.
However, if it pleases Xi to continue playing a version of China’s latter day “great helmsman” — a leader so invincible that he is always capable of seamlessly controlling all aspects of Chinese life — there will be an ineluctable tendency for him and the party to react reflexively in often retrograde and counter-productive interventionist ways every time a major economic crisis approaches in order to keep up appearance and preserve official face.
http://foreignpolicy.com/2016/01/28/china-scare-economy-management-failures-currency-renminbi-stocks/