Market Trend

Between November 2^nd and November 16^th, MCI index rose 305.9 points from 5335.9 to 5641.8. The index rose some three-hundred points in the past two weeks, and stabilized after it went above the 20-day line. There are several reasons that lifted the index: first, brand vendors’ aggressive stocking-up for TV sales in 1Q10 stimulated panel shipments in October; furthermore, with the launch of Window 7 models and the coming Chinese New Year, another wave of model replacements and excellent TV sales are expected. Third, panel prices are expected to rebound in February 2010. Overall, the current optimistic outlook continues to boost the rise of MCI.