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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
ACH down 12.97%.
China National Offshore Oil Corp
CEO down 0.05%.
China Telecom Corp
CHA up 19.46%.
China Mobile
CHL down 4.78%.
China Unicom
CHU up 42.7%.
China Security & Surveillance Tech
CSR up 4.83%.
China Yuchai International
CYD down 27.65%.
China Life Insurance
LFC down 16.11%.
China Nepstar Chain Drugstore
NPD down 31.14%.
PetroChina
PTR up 14.38%.
China Petroleum & Chemical Corp
SNP up 1.66%.
China Digital TV Holding
STV down 23.9%.
China Southern Airlines
ZNH down 9.68%.
Total Loss: 3.22%.
For comparison, in that same time period, SPDR S&P 500
SPY rallied 5.55%.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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