Don't be brave, just go for BOC

The United States debt ceiling issue will come under discussion again in February.儲存 The S&P 500 index hit a record high on Friday as better- than-expected third-quarter earnings results from Google pushed the share price to a high point, up 13percent. As Apple will launch a gold iPad soon, it has cleared US$500 to reach US$508. Keep holding it if you bought following my advice. China's third-quarter gross domestic product growth expanded 7.8 percent year-on-year after increasing by 7.5percent in the second quarter. Asia stock markets were firm, but fundamentally most emerging markets still face structural problems. These include liquidity outflow, currency depreciation and higher interest rates to curb inflation. China's economy improved a bit but only due to infrastructure getting a boost and the red-hot property market. The gloomy outlook in emini storageports and higher labor costs remain while unregulated shadow banking supports the property bubble but not private business enterprises. This week we will see the resumption of US economic data, including tomorrow's nonfarm payrolls for September and some other important ones such as home sales, manufacturing, mortgage applications, initial jobless claims and consumer sentiment. China's preliminary manufacturing PMI will also be the market focus. In Hong Kong, outperforming sectors such as Macau casinos and internet shares kept rising. You really need to be brave to chase into their rally, which Dr Check does not recommend. I would rather buy Bank of China (Hong Kong) (2388) to enjoy its 4.8percent dividend yield. Dr Check and/or The Standard bear no responsibility for any investment decision made based on the views expressed in this column. self storage