Weekly Best Performing Sectors 26-Jan-13 to 2-Feb-13
China or China-related sectors (i.e. Taiwan, Greater China and Hong Kong) outperformed global equity indices last week. As more and more evidences, such as PMI data in the previous week, proved Chinese economy has been bottomed-out, China's Shanghai Composite Index surged by 5.60 percent in a singel week. As part of companies in Taiwan and Hong Kong got part of their revenues from mainland China, investors bet valuations of those companies can be revised up because of the improving incomes. Hong Kong Hang Seng China Enterprises Index and Taiwan Weighted Index rose by 1.78 percent and 2.00 percent respectively last week.
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