China Growth Stocks

[Rames]

SSE - biggest drop in 14 months

Rumours of interest rate and stamp tax hike

Bad news for:
- financials
- infrastructure and commodities
- property developers and construction

Personally I don't think this is a big concern. SSE is mostly large caps and some sectors like commodities and coal are ripe for a correction or profit taking. We'll probably dip at the open, although Euro, European markets and U.S. futures have recovered from the lows (German market up 110 points from morning lows and green, Euro up 1.5% from morning lows and green, SPX future currently down 0.5% but 12 points higher from overnight lows). I will focus on the usual consumer/ags/food stocks should they get sold off at the open.