Word: du
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Although he's 63 years old, Beijing retiree Du Shuzhan is not afraid to try new things. He has just discovered the stock market. A few weeks ago, Du deposited $1,500 in his first share-trading account, and on a recent January afternoon, visited his local broker to buy shares of seven Chinese companies. "All my friends started to invest in the stock market last year," Du says. "My wife and I decided to join the trend." Du admits that, when it comes to deciding which stocks to buy, he lacks expertise. "I don't know much about...
...that market observers and government officials are warning that a market correction might be on the way. Emboldened by a 130% rise in the Shanghai Composite Index last year-which made Shanghai one of the best-performing exchanges in the world-starry-eyed speculators and first-time punters like Du have been storming into Chinese stocks, ending the market's five-year slump and in recent weeks pushing daily trading volumes to all-time records. Last year, some 2.4 million investors began trading stocks through the Shanghai exchange, a 250% increase in new accounts. That's an average of about...
Although he is 63 years old, Beijing retiree Du Shuzhan is not afraid to try something new. He has just discovered the stock market. A few weeks ago, he deposited $1,500 in his first share-trading account, and on a January afternoon he visited a local broker to buy shares of seven Chinese companies. "All my friends started to invest in the stock market last year," Du says. "My wife and I decided to join the trend." He admits that when it comes to deciding which stocks to buy, he lacks expertise. "I don't know much about...
...that there is no faith stronger than that of newbies plunging into a molten market. And that certainly describes China today. Emboldened by last year's 130% rise in the Shanghai Composite Index--which made Shanghai one of the best-performing exchanges in the world--first-time punters like Du have been storming into Chinese stocks, ending the market's five-year slump and in recent weeks pushing daily trading volume to new records. They are ignoring the stop signs raised by market experts and government officials, who warn that a correction might be coming...
...first period, and the Bobcats added a second freak goal when a crossing pass deflected off of the skate of a Quinnipiac player, beating freshman goalie Kyle Richter.Harvard equalized the score with less than five minutes left in the third period to force overtime when senior Kevin Du followed his own shot to the net and stuffed in the rebound for his third goal of the season.Even though an unlucky bounce cost the Crimson one goal, the team can thank good fortune for the first goal that started the rally.With less than a minute left in the second period, Harvard...