Here's this week's edition of the China Five Index compared with other indexes.
(China Five stocks: Nam Tai Electronics, NetEase.com, Sina Corp, Sohu.com, and UT Starcom.)

The China Five Index is pegged at 1000.00 as of 7/8/03 (the day the China Connection board 
began)

I have also added a new index this week, pegging it at 1000.00 as of 7/8/03. This index we'll 
call the Big Five Tech (Dell Computer, Intel Corp, Microsoft, Cisco Systems, and Oracle.)

I'll report each weekend on how the indexes are doing. (That's "indices" for you purists)

Here's the report from inception of the index (7/8/03) to this weekend:

          
               07/08/03   08/08/03   Pct.%     
               Open       Close      Loss or     Annualized
   Index       Price      Price      Gain        Gain (Loss)
   ------      -------    -------    ------      --------
   DJIA        9198.16    9061.74    - 1.48%
   S&P500      1001.46     967.08    - 3.43%
   Nasdaq      1715.99    1652.68    - 3.69%

   Nikkei      9899.87    9327.53    - 5.78%     (Japan)
   Hang Seng  10010.46    9945.22    - 0.65%     (Hong Kong - China)

   China Five  1000.00    1096.48    + 9.65%     +125.43%
   Big 5 Tech  1000.00     964.92    - 3.51%     - 45.60%

All five major indexes were down this last week, so the four week period is down as well.

But the China Five has performed well this month, even though it was a rough week, and even 
though one of the 5 stocks (Sohu) is down quite a bit since 7/8. 
(A buying opportunity? [It was for me!]) 
This also makes a good case for diversity.

Note: As we expand this board to include other China stocks, I will provide a China Connection
Index also with all stocks, retroactive to 7/8/03. This will likely begin next weekend.

Comments, questions, or suggestions?

Larry