Korean Central Bank to buy Chinese stocks?
18 April, 2012, 14:41. Posted by Zarathustra
This was allegedly the reason for the rise in Chinese stocks today. Via Bloomberg:
South Korea’s central bank is considering buying several hundred million dollars worth of Chinese equities and a greater amount of the nation’s bonds to diversify its foreign-exchange reserves.
Now, remember they bought gold last year at a very high price.
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.