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World Indices (charts:
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Asia,
Europe)
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China
- 18-Apr-2008: Shanghai Composite Index closed at 3,094.67, down -49.20% from its 16-Oct-2007 high at 6,092.06.
- 18-Mar-2008: Shanghai Composite Index closed at 3,668.90, down -39.78% from its 16-Oct-2007 high at 6,092.06.
- 11-Mar-2008: Reported 8.7% rise in the consumer price index. A 23.3% jump in food costs drove inflation to
its highest level in nearly 12 years in February.
- 28-Jan-2008: Shanghai Composite Index was down -27.46% from its 16-Oct-2007 high at 6,092.06.
- 14-Nov-2007: Retail sales jumped 18.1% in October from a year earlier, the fastest pace on record, propelled
by rising incomes, accelerating inflation and windfall gains from the surging stock market.
- 12-Nov-2007: October trade surplus hit record, at USD $27.05 billion.
- 15-Oct-2007: Shanghai Composite Index crossed 6,000 mark for the first time despite Beijing's repeated
efforts to slow it down. Recent milestones:
- 5,000 on 23-Aug-2007
- 4,000 on 09-May-2007
- 3,000 on 19-Mar-2007.
- 12-Oct-2007:
China Stock Party Won't Last
- 10-Sep-2007: August PPI up 2.6% year over year.
- 20-Jul-2007: Central bank of China increased 0.27% in commercial banks' benchmark one-year deposit and
lending rates, to 3.33% and 6.84% respectively.
- Reported that annual economic growth accelerated to 11.9% in Q2'07.
- 12-Jun-2007: Reported inflation in food up 26%.
- 30-May-2007: Tripled its stamp tax on stock trades to 0.3% from 0.1% -- an effort to cool equity speculation.
- 23-May-2007: Former Federal Reserve Chairman Alan Greenspan took on China stock Market: "It is clearly
unsustainable... There's going to be a dramatic contraction at some point."
- 18-May-2007: Announced:
- Its currency Yuan to fluctuate against US Dollar by 0.5% a day, up from 0.3%.
- Raised lending rates to 6.57% on a commercial one-year loan, and tightened bank credit to slow its economy.
- Invested USD $3 billion in Blackstone Group.
- 14-May-2007:
1st-Time Investors Buy Up Chinese Stocks
- 06-May-2007:
China's irrational exuberance
- 24-Apr-2007:
Reasons to Worry About China Stocks?
- 19-Apr-2007: Reported larger than expected Growth of Domestic Products (GDP) of +11.1%.
- 19-Mar-2007: Announced 0.27% rate hike that would raise lending rates to 6.39% and deposit rates to 2.79%
-- an effort to slow its economy.
The rest of the world
- 11-Dec-2007: India BSE Sensex index crossed 20,000 mark for the first time.
- 02-Dec-2007: Hong Kong tycoon
Li Ka-shing invests $60 million in Facebook
- 28-Nov-2007: Hong Kong Hang Seng Index was down -17.80% from its October 30th high at 31,638.22
- 06-Nov-2007: Alibaba.com, China's largest e-commerce company, raised $1.49 billion in its initial public
offering in Hong Kong.
- 05-Nov-2007: Hong Kong Hang Seng Index tumbled 5% sparked by uncertainties about how soon mainland
investors can buy Hong Kong-listed stocks.
- 26-Oct-2007: Hong Kong Hang Seng Index crossed 30,000 mark for the first time, closed at 30,405.22.
- 20-Sep-2007: U.S. dollar hit 30-year low against Canadian Dollar. 1 CAD = 1 USD.
- 10-Sep-2007: Japan Q2 GDP contracted -0.3% quarter over quarter.
- 05-Jul-2007: Bank of England raised interest rates to 5.75%, highest level in six years.
- 06-Jun-2007: European Central Bank raised its key interest rate by 0.25% to 4.0%.
- 18-Apr-2007: U.S. dollar hit 26-year low against British Pound. 1 UK£ = 2 USD.
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