May 2, 2012 (Chinavestor) Fears that China will experience a possible hard landing send consumer stocks tumbling in April. Consumer cyclical and consumer durable stocks fell the hardest among U.S. listed Chinese stocks, according to Chinavestor calculations. Technology was hurt by Baidu.com Inc. (NASDAQ:BIDU) and Sohu.com (NASDAQ:SPHU), two prominent internet stocks.
April 26, 2012 (Chinavestor) Shares of China Eastern Airlines (HKG:0670) continued to recover from 6 months lows on Thursday. Given a five day winning streak, investors may have to prepare for profit taking. Hong Kong listed H-shares of the company surged 14.2% in the last five trading day, as the following chart suggests.
April 4, 2012 (Chinavestor) March jobs report is hurting investor sentiment despite a sound reading. The U.S. economy added 209,000 private jobs in March, over the key 200,000 mark for the fifth consecutive month, suggesting the economy is adding enough jobs to lower unemployment to a reasonable level. The reading was enough to make the FED to withdraw stimulus. And this is what's moving the Dow and other key indexes lower in he morning session.
March 29, 2012 (Chinavestor) Yelp Inc (NYSE:YELP) is trading at new all time highs this morning and is currently sitting at $27.65. Yelp Inc (NYSE:YELP) is a restaurant review site that generates most of its revenue from advertisements and sponsored searches. They recently opened a new apparel store, however it only makes up for less than $5 annual revenue.
March 16, 2012 (Chinavestor) Couple of interesting facts about Chinese stocks. Home market is Shanghai, not Hong Kong, for Chinese stocks. The Shanghai Stock Exchange is the 5th largest in the world after London and the second largest in Asia. Despite its relatively short history, the stock exchange re-opened in 1990 after the Communist shut it down after 1949, there are 2342 listings in Shanghai as of March 2012. Shanghai has been the largest IPO market in the world for four years in a row. The largest IPO ever is also a Chinese listing, Agricultural Bank of China raised $22.1 billion in 2010.
