Shares of chinese companies listed on the U.S. exchanges opened up mixed. China Mobile (CHL), the world's largest mobile phone company by subscriber number came back strong in Hong Kong, signalling a good start for the day in New York. The positive outlook of the industry leader had a positive effect on smaller players such as China Ntecom (CN) and China unicom (CHU). All three Chinese telecom companies are between 2.38% and 1.55%.
Way oversold Chinese airliner, China Southern Airlines (ZNH) is back $0.41 or 2.26% - a technical rebounce. Softening oil prices contributed to the rally.
On the negative side CNOOC Ltd. (CEO), China's offshore specialist is bulging in on softening oil. The stock lost $4.49 or 2.57%.
Additional commentary to follow throughout the day.
|
TOP MOVERS |
7/3/2008 9:30 |
|
Name |
Symbol |
Price |
Change |
Change% |
|
|
|
|
|
|
|
CHINA NETCOM GRP |
CN |
55.11 |
$1.28 |
2.38% |
|
CHINA MOBILE LIMI |
CHL |
65.33 |
$1.00 |
1.55% |
|
GUANGSHEN RAIL CO |
GSH |
21.91 |
$0.63 |
2.96% |
|
HSBC HLDGS PLC AD |
HBC |
75.52 |
$0.44 |
0.59% |
|
CHINA SOUTH AIR L |
ZNH |
18.55 |
$0.41 |
2.26% |
|
|
|
|
|
|
|
CHINA UNICOM LTD |
CHU |
18.71 |
$0.35 |
1.91% |
|
HUTCHISON TEL ADS |
HTX |
20.87 |
$0.31 |
1.51% |
|
THE9 LIMITED |
NCTY |
24.77 |
$0.23 |
0.94% |
|
CHINA PETRO & CHE |
SNP |
86.88 |
$0.22 |
0.25% |
|
SHANDA INTERACTIV |
SNDA |
24.32 |
$0.10 |
0.41% |
|
|
|
|
|
|
|
CHINA LIFE INS CO |
LFC |
48.71 |
-$0.79 |
-1.60% |
|
NETEASE.COM ADS |
NTES |
21.09 |
-$0.80 |
-3.65% |
|
FOCUS MEDIA HOLDI |
FMCN |
26.61 |
-$0.93 |
-3.38% |
|
SUNTECH POWER HLD |
STP |
32.22 |
-$0.97 |
-2.92% |
|
CHINA EASTERN AIR |
CEA |
28.05 |
-$0.99 |
-3.41% |
|
|
|
|
|
|
|
SOLARFUN POWER |
SOLF |
13.15 |
-$1.16 |
-8.11% |
|
SOHU.COM INC |
SOHU |
71.98 |
-$1.42 |
-1.93% |
|
TRINA SOLAR LTD A |
TSL |
26.81 |
-$1.48 |
-5.23% |
|
LDK SOLAR CO ADR |
LDK |
29.95 |
-$1.90 |
-5.97% |
|
CNOOC LTD ADS |
CEO |
170.42 |
-$4.49 |
-2.57% |