For the first time in history, Chinese yuan has surpassed Hong Kong dollar both pegged against U.S dollar. 1 yuan is now worth $HK 0.97 and $US 7.6 which was unimaginable a couple of years ago. I am not certain how this appreciation of Chinese yuan could affect the stock markets and economy the world over. But I am still pessimistic about investing in stock markets anywhere. I think its more like gambling in everest casino. Shanghais stock exchange index also has its best performance today in its history. India’s stock market is more risky. Singapore and Australian stocks are hot. I see a stock market bubble burst in Japan. Good luck hunting.