July 20, 2012 (Chinavestor) What does it to take down New Oriental Education (NYSE:EDU), the largest Chinese company from the education sector? Muddy Waters alleged New Oriental Education (NYSE:EDU) of cooking books. The stock tumbled over 30% this Tuesday and traded lower the following day, but recovered 18% yesterday as bargain hunters stepped in.
July 20, 2012 (Chinavestor) What does it mean for Chinese stocks if US tech stocks drive Wall Street? Strong earnings from IBM (NYSE:IBM) and Google Inc. (NASDAQ:GOOG) not to mention eBay Inc. (NASDAQ:EBAY) that beat forecast big time, drove the S&P 500 to over two months high this week. Should Chinese tech stock catch fire, too?
July 13, 2012 (Chinavestor) Bottom fishers snapped up oversold assets from the consumer durables and transportation sectors this week. Consumer stocks were the weakest in all of July so this week was some sort of a relief. Most of the gains are attributed to Syutra International (NASDAQ:SYUT) and Zhongpin Inc. (NASDAQ:HOGS). Chinese airliners jumped on Friday following news that the State Council will ease tax burden and spur investment to airliners in China. China Southern Airlines (NYSE:ZNH) and China Eastern Airlines (NYSE:CEA) rose 9.81% and 8.02% on Friday, respectively.
June 30, 2012 (Chinavestor) Large cap Huaneng Power (NYSE:HNP) and China Life Insurance (NYSE:LFC) dominated the best performing two sectors, utilities financials, and in June. Both stocks advanced over 10% leaving a huge impact behind. An over 7% advance from Aluminum Corp. of China (NYSE:ACH) was enough to move basic materials to the top three spot among all Chinese industrial sectors. But it wasn't cake walk for all Chinese stocks in June. Consumer stocks suffered along with capital goods. China Ming Yang Wind Power (NYSE:MY) sank capital goods while the rest of the industry did relatively well for the month. China Zenix Auto (NYSE:ZX) and Acorn Int. (NYSE:ATV) fell the most among consumer cyclical stocks with Zhongpin Int. (NASDAQ:HOGS) single handedly sank consumer durables.
June 22, 2012 (Chinavestor) We have just had another difficult week with Greece's elections, Spain's record borrowing costs and major global bank downgrades in the front headlines. Not to mention slower Chinese PMI for May and lack of action from the FED to stimulate the economy.
Yet not every sector took a beating. Chinese transportation stocks, airliners in particular, took off on lower kerosene prices. Huaneng Power Int. (NYSE:HNP), the largest Chinese independent power producer, lifted utilities on lower coal prices. Consumer durables and cyclical stocks outperformed the broad market as well thanks to Synutra International (NASDAQ:SYUT) and Acorn International (NYSE:ATV).
