Kelvin Wong: Deng Xiaoping

Deng Xiaoping: Back then, it was speculation that Deng Xiaoping , the leader who opened China up to foreign investment, was dying. Today, its the countrys faltering economic expansion, according to Bloomberg. Sentiment changes quickly, said Kelvin Wong, a Hong Kong-based analyst at Bank Julius Baer a Co., which has about $287 billion under management and Chinese stock traders havent been whipsawed like they are now in almost 20 years. The growth concerns pushed the Hang Seng China Enterprises Index to the worst selloff among the worlds major markets over the first 11 weeks of the year, only to give way to a 13 percent surge thats topped all peers. The benchmark gauges relative strength index , a momentum indicator used to identify market turning points, went from sending a buy signal to sell signal in just 13 days. (news.financializer.com). As reported in the news.