Tag Archives: ACH
Chinese economy: infrastructure announcement bullish for equities
After months of sub-par economic data, the Chinese economy (FXI, quote) finally looks poised to recover after Beijing announced a massive infrastructure spending package late last week.
Emerging market stock of the day: Chalco
The Aluminum Corp. of China (ACH, quote), better known as Chalco, dropped in Tuesday trading after the company announced on Monday that the state-owned firm would drop its bid for Mongolian SouthGobi Resources after months of contentious negotiations.
Emerging market stock of the day: ACH
Most Asian equities traded lower on Monday as the result of a dearth of major global data points over the weekend. On Chinese exchanges, Aluminum Corp. of China (ACH, quote) was no exception, leading shares in Hong Kong (EWH, quote) downwards.
Emerging markets brief
Asian and emerging markets overnight were mixed at best, dealing with speculation about additional easing from the U.S. and Europe, and disappointing manufacturing data from several Asian countries including China, which saw a .01 drop in manufacturing.
Asian markets mostly lower as resource prices drop
Asian markets started the first official week of summer mostly down as exchanges reacted to lower resource prices and various uncertainty around the world.
Asian markets lower on renewed European concerns
Asian markets moved markedly lower on Tuesday trading. Monday’s optimism dissipated on the back of poor trading in the U.S. overnight, in addition to concerns stemming from Europe.
Rusal loses aluminum plant but competitors should not rejoice
The government of Ukraine has seized the only alumina plant in the country from nominal owner Rusal — the world’s biggest aluminum producer — but while Rusal is fighting to regain control of the smelter, the only impact this could have on the company’s rivals is negative.
Looking for profits in China? Start with the big funds and drill down (FXI)
Analysis seem to be split on weather China’s economy is coming in for a hard landing or not, but colleagues who have been to China recently indicate see both less construction cranes and more consumption of non-necessity items such as smart phones, electronics, education and a higher standard of eating.
