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HONG KONG (MarketWatch) -- Asian markets were trading higher on Wednesday, with Japan's Nikkei 225 index up on gains in automakers Toyota Motor Corp. and Nissan Motor Co., while the Hong Kong benchmark hit a record high led by gains in shares of China-incorporated firms
Submitted: Jun 20, 2007
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View Article: http://www.marketwatch.com/news/story/asia-resumes-record-setting-r...
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Comments Received:
The China bubble is going to end soon. They always do. This one will be very painful for many. It will also be controversial if the Chinese government selectively decides to bail out some investors and not others - something I have read elsewhere that they might do.
Posted: Jun 20, 2007
I think things might be alright until after the Olympics. Then I'd be careful.
Posted: Jun 20, 2007
I've heard the whole Olympics thing before. It goes something like this - China is the great socialist experiment and they aren't going to set up on growth or let the world see them fail before the Olympics. I think that the tie is very tenuous. Bubbles end and they can end suddenly. This could continue for two more years or it could end tomorrow. It is anybody's guess/gamble when it will end, but it will end.
Posted: Jun 20, 2007