Monday’s enforcement action by the U.S. Securities and Exchange Commission against the China-based affiliates of the Big Four accounting firms sent Chinese stocks tumbling on Tuesday, many to multi-year lows.
Stock price action offers signs of encouragement for China’s beleaguered market. The Shanghai Index climbed +2.9% on impressive volumes, taking markets back to where levels were before the big run-up in September and breaking through key technical levels above 2000.
Chinese technology stocks are exciting for emerging market investors. Just like American tech companies it’s hard to know who will succeed. Here are five technology stocks that investors should keep an eye on.
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.
Who prevails over all others is not necessarily the fastest, the strongest or even the most intelligent; but the most flexible. This is why companies with a strong presence in the smartphone market such as China Mobile (CHL, quote), Apple (AAPL, quote) and Samsung (SSNLF, quote) are in powerful positions.