Huaneng Power International (NYSE:HNP), China's largest independent power generator, advanced 13.1% in the last two weeks. But the stock became extremely overbought and as such will have to take a break. Investors shouldn't expect much short term upside for the stock right now.
Chinese transportation stocks were second best for the last two weeks, thanks to Guangshen Rail (NYSE:GSH) and China Southern Airlines (NYSE:ZNH). There is plenty of room left for growth in the sector because Chinese airliners have fallen hard in all of May.
Technology stocks made a sound comeback in June as well. Baidu.com Inc. (NASDAQ:BIDU) and NetEase Inc. (NASDAQ:NTES) contributed the most to the sector's good performance. But Semiconductor Manu. (NYSE:SMI), Perfect World (NASDAQ:PWRD) and LDK Solar (NYSE:LDK) weighted down the sector the most.
Capital Goods stocks failed to recover from May lows. China Ming Yang Wind Power (NYSE:MY) and Xinyuan Real Estate (NYSE:XIN) are primarily responsible for the sector's weak showing. Zhongpin Int. (NASDAQ:HOGS) and Origin Agritech (NASDAQ:SEED) fell the most among consumer non-cyclical stocks.