Gold Beats Lafite as Wine Tracks China Stocks: Chart of the Day
Gold Beats Lafite as Wine Tracks China Stocks: Chart of the Day
Jul 16, 2012 6
(Bloomberg) - Prices of the most-traded wines and Chinese stocks have moved mostly in tandem the past year, a path that has left investors worse off than those who bet on gold or U.S. equities.
The CHART OF THE DAY compares the Liv-ex 100 Fine Wine Index, compiled monthly, with daily moves of gold, the Shanghai Composite Index and the Standard & Poor’s 500 Index normalized from April 18, 2011, when the Chinese stock measure reached its high for the year. Gold and the U.S. benchmark index rose 5 percent and 2 percent through July 12, respectively, compared with losses of 29 percent for China stocks in the period and 26 percent for wine through June, data compiled by Bloomberg show.
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