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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (1539)11/18/2003 11:33:28 PM
From: RealMuLan  Read Replies (1) | Respond to of 6370
 
China reignites the Asian affair
The emerging markets are lively again and Asia is where the real action is, writes James Dunn
November 19, 2003

AFTER the depths of the Iraq conflict despair in March, international share markets are back in town - and so are the funds investing in them.

In the September quarter, international shares as an asset class returned 3.9 per cent, the first time since March 2000 that the asset class has strung together consecutive quarterly gains.

The strength of the Australian dollar means that international shares, hedged back into $A, are actually performing better than unhedged international shares. Research house and asset consultant Frank Russell Australia says international shares hedged in $A climbed by 4.7 per cent in the September quarter, to be up 15.1 per cent for the year to date.

However, the real action in overseas share markets is in emerging markets - the wilder, less known, and less developed markets.

It's being powered by the awakening of that cliched "sleeping giant" - China - and by the former Asian tiger economies that are piggybacking off it.

sg.biz.yahoo.com