Top China ADR Portal

China ADR stock research

Consumer stocks slide in April on recession fears

E-mail Print PDF

disappopint 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.

Transportation stocks were hurting too, but have started to bottom out in the middle of the month. Since then Chinese airliners bounced back strongly and continue to show strength.

Utilities, represented by Huaneng Power Int. (NYSE:HNP) was strong as well as stocks from the Capital Goods sector.

sectors_20120431_frame



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

Online Courses

We train investors and traders, help professionals be more effective in their work. See available courses.

advance_10
Register