For those who are interested in emerging market in China, here’s the new USX China Index (United States Exchange China Index). It is comprised of companies whose common stock is publicly traded in the United States and whose primary business is conducted within China.
On June 4, 1989, the Chinese government brutally crashed the student-led democracy movement by military force.
The days and nights of month-long hunger strike and following days during the martial law are still vivid in mind.
The ambulances … directing the traffics and guarding the life lines along the Changan street …
The low flying military helicopters … blocking the subway stations … the buses with flat tires sitting in front of subway entrances … the rumors that the troops are in the subway tunnels …
The AK-47 automatic gun-shots heard from all directions and tracers seen in the sky … the tanks and APCs speeding from many directions … the fires in many places … the waves of moving troops from the darkness behind the large buildings along the Tiananmen Square …
The PLA assault team raiding the monument in the center of the Tiananmen Square where we stayed until early morning on June 4 … the tanks crashing into the camps …
The long withdraw back to the campus … the deaths of fellow students … the silent rainny nights except hearing gun fires from distance … sitting on the roof top at Tsinghua …
The hopelessness … the angers …
…
May the fallen heros rest in peace!
I did some research on ETFs for fixed income and market exposure in China at ETFConnect. Here’s the list:
United States
7.90%,
Taiwan
33.90%,
Hong Kong
47.10% (too little exposure in China)
Taiwan
26.30%,
Hong Kong
49.10%
Hong Kong
34.70%,
China
40.30%
The market moved higher in the morning then gave up most of gains and ended slightly higher. Profit taking maybe …
A lot of selling on MSFT pushed price to drop 0.38 in volume of almost 100 million shares.