Teradyne Is Looking Fine
This morning, shares in Shanghai skyrocketed on word that more foreign money will be allowed to pour into Chinese stocks. The chairman of the China Securities Regulatory Commission, Guo Shuqing, announced today a tenfold increase in qualified foreign institutional investment (QFII). This means more capital will find its way into markets in Shanghai and Shenzhen.
More impressive than the actual increase in investment is the signal that has been sent. China is opening its markets at an accelerated pace, and that bodes well for U.S. companies that have exposure to the world's second-largest economy. One such beneficiary will be Teradyne (TER), a U.S.-based semiconductor automated testing equipment company....301 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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