Chinese Stocks
We all know about some of the insane valuations with social media and Internet services stocks, such as Twitter, Inc. (NYSE/TWTR), Facebook, Inc. (NASDAQ/FB), and Yelp, Inc. (NYSE/YELP), as I have discussed in these pages before. (Read “Two More Internet Stocks to Watch.”) These valuations make it extremely…
A lot of U.S.-listed Chinese stocks are taking it on the chin in this market. Investor confidence has dwindled for the entire sector, particularly for those companies that listed on U.S. equity markets through reverse takeovers of shell companies. As a group, virtually all Chinese companies listed in…
Chinese stocks have been rallying following the week-long Lunar New Year break. Stocks on the benchmark Shanghai Composite Index (SCI) have rallied in six straight sessions and are holding above 2,900, up 4.2% this year, which is encouraging given the poor start. Yet, playing the Chinese capital markets…