Oct 27, 2010 4:01 AM
This month’s rally in China’s stocks “still has legs” as the nation’s economic growth exceeds expectations, according to Michael Yoshikami, who oversees about $1 billion at YCMNet Advisors.
The 14 percent rally for the Shanghai Composite Index in October has been “pretty incredible,” Yoshikami, who is based in Walnut Creek, California, said in a phone interview today. “While it can’t continue to rally as we have seen, it still has legs at the moment.”
China's Stock Rally `Still Has Legs' as Economy Surprises, Yoshikami Says - Bloomberg
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