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Asian emerging markets ended the day mixed even after Chinese Premier Wen Jiabao talked about the growing need for the People’s Bank of China to intervene. Hong Kong equities remained strong until late afternoon when the Hang Seng dropped and closed over 89 points to the downside.
While many emerging market stocks around the world continue to struggle, a handful continue to outperform thanks to the secular nature of their growth. One such example is the Chinese telecom space in which its largest operator, China Mobile (CHL, quote), continues to thrive.
The recent lowering of the renminbi’s value by the People’s Bank of China can be viewed as a move to further develop the consumer sector of the domestic China market.
Once you have your chosen and set up your broker account, it’s time to review what a typical detailed stock quote will provide you, the investor.
Now that all the major telecommunications firms have released their June Chinese 3G subscriber numbers, investors are afforded a peak into the state of the world’s largest mobile phone market.
With the report that the China’s GDP has just fallen to 7.6%, dividend paying stocks from the People’s Republic are becoming more attractive.
An insightful recent analyst’s report on global technology icon Apple Inc. (AAPL) coincidentally demonstrates why emerging markets have a future, and indeed remain an essential element of any thinking investor’s portfolio.
Thursday’s best web talks international tourism numbers, reveals a large Malaysian IPO investor, looks for signs of weakness in Eastern European financial systems, and covers Krispy Kreme’s expansion plans for emerging markets.
