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Tuesday
Nov272012

China Struggles as the Rest of Asia Surges

China's stock market just can't get going.  Back in September, it looked like China's Shanghai Composite may have made a bottom after breaking above its 50-day moving average.  The breakout was short lived, however, and just today the index made a new 52-week low.

But while China's stock market continues to struggle mightily, the rest of Asia has been performing very well.  Below are six-month price charts of the major equity indices for Hong Kong, India and Japan.  As shown, all three countries have upward trending markets, and Japan has gone parabolic over the last seven trading days.  

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