Even Titans fall..
by, 15th-October-2007 at 10:43 PM (3069 Views)
http://www.bloomberg.com/apps/news?p...d=aJXHiNjxjTis - PetroChina Surpasses GE as Second-Biggest Company
http://www.bloomberg.com/apps/news?p...i6Y&refer=home - on Hong Kong being at a ridiculous discount to China shares.
It's close to overtaking Mobil, which is currently near $500b, PetroChina is $440b, I think the US markets will have less and less influence as Chinese companies grow more and more.
PetroChina costs $19HK = $2.7 AUD, I'm buying this as my oil asset, stuff Mobil lol - China markets are going gangbusters!
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