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The apple factor

28 August 2012

What happened?

The performance  of the various Shenyin & Wanguo (SW) sectoral indices was more than usually mixed in the week to Friday August 24. As the table indicates, a minority of sectors posted small gains. Electronic parts & components delivered the best returns, of +2.12%.  A majority of sectors delivered negative returns. Construction, steel and property stocks, whose SW indices fell by 2.74%, 2.79% and 3.53% respectively, were the laggards. All this was in a week in which the SSE Composite touched a three year low, falling by 1.08% over the week as a whole. The other main A share indices, the SZSE Component and the CSI 300 indices, slipped by 3.43% and 1.63% respectively. All three major A share indices slipped further, by around 2% on Monday August 27.

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