China’s Good News Fails To Help U.S.-Listed ADRs
January 20th, 2012
More heartening news from China didn’t spark any breakouts by Chinese ADRs, which are mostly in a sorry state. Beijing’s policymakers have shown more proof that they’ve changed course: The yearlong fight to suppress inflation is shifting to economy-boosting efforts. That means money-tightening policies are reversing course. Easier credit hopefully will fight the economic drag [...]