November 2013 (Chinavestor) There isn’t much change from last month when it comes to outlook for Chinese stocks. We have said in the last two Newsletters that upside looks limited for Chinese stocks for the fall, and we stick to it. The Shanghai Composite Index (SHA:000001) rose for the month but is still in the red for the year. The same goes for Chinese ADRs or U.S. listed Chinese stocks. The China ADR Index, compiled by Chinavestor, rose 3.2% in October but is –5.3% down YTD. The only major Chinese index that is in the black YTD is the Hang Seng (INDEXHANGSENG:.HSI). But again, all these Chinese indexes continue to underperform the Dow Jones Industrial Average (INDEXDJX:.DJI). Why is that?