Perfect World Resilient Amid China Online Game Stock Weakness

Xiaofan Zhang submits:

Chinese online game stocks plunged last week as market indexes plummeted amid macroeconomic concerns: The CWD China Online Game Stock Index (see chart 1) dropped 8.8% last week, while the S&P and NASDAQ Composite Indexes dropped 6.4% and 7.9%, respectively. I note that the performance gap between China online game stocks and the NASDAQ Compsite index since 2009 has been shrinking in the past several months (see chart 1, below).

Chart 1: CWD China Online Game Stock Index vs. NASDAQ Composite

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This entry was posted on Tuesday, May 11th, 2010 at 5:38 am and is filed under China Stock. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.