|Day Low/High||2.92 / 2.95|
|52 Wk Low/High||1.40 / 3.44|
The PRC is the paper tiger and we're the tiger that just woke up and is sick and tired of the beatdown the Chinese have delivered.
Major institutional investors have stepped up buying mainland Chinese stocks in recent months. But retail investors who want to play have to use the backdoor. Psst, we have the key.
Is China dialing into smartphone diplomacy? It has already tried to secure Southeast Asia's minerals and river water by investing in its infrastructure. It also sees the growing region as a frontier for Chinese companies cramped by competition at home. But many Southeast Asians distrust Beijing.
No one will go to war because everyone needs everyone else: China wants Southeast Asia's markets and economic cooperation while Southeast Asia looks to China as an export destination.
"The consensus seems to me that this visit is more political and security-focused rather than about economics. I think it would be a surprise if anything were announced that's capable of moving markets broadly." -- Tim Condon, Asia head of financial markets research, ING Financial Markets
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