Market Overview

How to Lose Money: Buy Stocks With "China" In the Name

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The recent collapse in the share price of Chinese reverse mergers is at this point widely known.

But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security?

Here are the performances of securities on the NYSE, containing the word "China," over the past six months:

Aluminum Corp of China (NYSE: ACH) down 12.97%.

China National Offshore Oil Corp (NYSE: CEO) down 0.05%.

China Telecom Corp (NYSE: CHA) up 19.46%.

China Mobile (NYSE: CHL) down 4.78%.

China Unicom (NYSE: CHU) up 42.7%.

China Security & Surveillance Tech (NYSE: CSR) up 4.83%.

China Yuchai International (NYSE: CYD) down 27.65%.

China Life Insurance (NYSE: LFC) down 16.11%.

China Nepstar Chain Drugstore (NYSE: NPD) down 31.14%.

PetroChina (NYSE: PTR) up 14.38%.

China Petroleum & Chemical Corp (NYSE: SNP) up 1.66%.

China Digital TV Holding (NYSE: STV) down 23.9%.

China Southern Airlines (NYSE: ZNH) down 9.68%.

Total Loss: 3.22%.

For comparison, in that same time period, SPDR S&P 500 (NYSE: SPY) rallied 5.55%.

Posted-In: Global Economics Markets Trading Ideas

 

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