The Dow Jones Industrial Average (INDEXDJX:.DJI) shed 0.9%, a little more than the Hang Seng Index (INDEXHANGSENG:.HSI) which fell 0.4% for the month. Both indices are in the black for the year, a major difference from the Shanghai Composite Index (SHA:000001) and the China ADR index.
Key stocks in this newsletter are A-Power (NASDAQ:APWR), RINO Int. (NASDAQ:RINO) and Baidu.com Inc. (NASDAQ:BIDU) among NASDAQ listed China stocks. NYSE listings are Noah Education (NYSE:NED), China's second largest mobile carrier China Unicom (NYSE:CHU), and Vanceinfo Technologies (NYSE:VIT) besides the largest Chinese airliner by fleet size, China South Air (NYSE:ZNH).