Chinese Rocket Stocks
Updated from 12:26 p.m. EDT
China's largest stock exchange, the Hang Seng Index, has risen about 30% from its March 9 bottom of 11,344.58. This compares with a 19% rise for the Dow Jones Industrial Average and a 25% rise for the S&P 500. Simply put, the Chinese government, led by Premier Wen Jiabao, has authorized market-friendly stimulus and financial packages with the goal of restoring economic and, more important, political confidence. So far it's worked. With daily traders right trying to game Baidu.com(BIDU), focus on the smaller, cash-rich Chinese companies that have competitive and operational advantages over their competitors. The world is turning to China to solve its financial crisis, and these Chinese stocks are going higher. To read more about Chinese stocks that could surge higher, including Sohu.com(SOHU) and Ctrip.com(CTRP), visit Stockpickr.com. Who's on Stockpickr Answers? Richard Widows will be on Stockpickr Answers on April 22 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,774.78 | 1,342.06 | 2,907.89 | 19.72 |
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