Obama Concept Stocks

“Green” stocks that traded well in China in the run up to Barack Obama’s visit, because they chime with the President’s attitude to the environment.

“President Barack Obama’s visit might not be of much importance to your average Beijinger,” The Wall Street Journal asserted:

But his visit has driven up prices of what the media has coined as “Obama concept stocks,” stocks related to the White House’s environmental agenda.

Josh Chin discussed the rise in share prices in a WSJ video, and observed that the price increases were “fed by speculation that U.S. and Chinese leaders will make progress on climate change while the president is in town.”

In a recent posting on China Real Time Report, Joy C. Shaw and Jin Jingstated:

While few expect concrete progress will be made during President Barack Obama’s visit to China starting Sunday, China’s stock dealing rooms were bubbling with Obama-themed trades Friday, leading to strength in new energy companies and a surge in U.S. dollar- or Hong Kong dollar- denominated B shares.