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.
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Asian markets started the first official week of summer mostly down as exchanges reacted to lower resource prices and various uncertainty around the world.
In our request for profits in China we started with the big ETF Fund FTSE China 25 Index (FXI, quote) and are drilling down looking for the best-of-breed companies that fit our oil & and gas, consumer and telecom premise for surgical 2012 China plays.
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.