Chinese Stocks Resume Upside

After correcting in early 2007, the Shanghai Composite Index (^SSEC) has moved to the price upside. The index is on its third upside since early 2005.

How high Chinese stocks will go is unknown, but often upsides last only three stages so be careful.

Two exchange-traded funds that track major stocks in the People's Republic of China are: PowerShares Golden Dragon Halter USX China Portfolio (PGJ), and iShares FTSE/Xinhua China 25 Index Fund (FXI).

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Price Upsides Often Occur in Three Stages

Posted April 6, 2007.