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Property market, Greece send China stocks to six months low

Property market, Greece send China stocks to six months low

April 27, 2010 (Chinavestor) Investors sent the Shanghai Composite Index (SHA:000001) -61.6 points or -2.1% lower to 2,907.93 as low commodity prices and property market woes continued to mount pressure on Chinese equities on Tuesday. The sell-off was universal with metal, energy and resource stocks suffering the most. Shares of Aluminum Corp. of China (SHA:601600), the third largest maker of the metal in the world, fell -4.4% while Jinduicheng Molybdenum Co. (SHA:601958) fell -4.0%. Jiangxi Copper (SHA600362), the largest producer of the metal, fell -2.28%. Petrochina Co. Ltd. (SHA:601857), the largest oil producer in China , declined -2.30%.

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Momentum stocks to extend rally, says the overbought indicator

Momentum stocks to extend rally, says the overbought indicator April 26, 2010 (Chinavestor) Changyou.com (NASDAQ:CYOU) is considered overbought - but with strong outlook from Sohu.com (NASDAQ:SOHU) this morning, the stock may extend her rally. Here is a list of...
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China stocks fall in Shanghai but shined in Hong Kong on Monday

China stocks fall in Shanghai but shined in Hong Kong on Monday April 26, 2010 (Chinavestor) Stock markets advanced in Asia and Europe as Greece accepted the bailout and strong U.S .earnings suggested the economic recovery is sustainable. But investors in Shangha...
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Overbought China stocks in danger on Friday

Overbought China stocks in danger on Friday April 23, 2010 (Chinavestor) Overbought Chinese stocks are in danger as Greece's ills roil the markets. Global Sources Ltd. (Bermuda) (NASDAQ:GSOL), Cogo Group (NASDAQ:COGO), and China Finance Onlin...
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Chinese stocks fell a record for a week in Shanghai

Chinese stocks fell a record for a week in Shanghai April 23, 2010 (Chinavestor) The Shanghai Composite Index (SHA:000001) fell -4.7% for the week, the  most in 2010, as the government is colling off the property market and curb investment. Inves...
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