Top China ADR Portal

China ADR stock research

Pre-Market Report

Technical Analysis

World markets fall on Greece's ills

World markets fall on Greece's ills

April 8, 2010 (Chinavestor) Advancing over +4% in the last two weeks, the Hang Seng Index (INDEXHANGSENG:.HSI) was ready to take a break. The same was true for the Shanghai Composite Index (SHA:000001) after advancing +101.87 points or +3.33% from March 25 to April 6. Let's add Greece's difficulty to pay its debt and disappointing consumer credit data from the U.S. for March and the stage is set for a market correction. The Hang Seng Index (INDEXHANGSENG:.HSI) fell -61.7 points or -0.3% to 21,867.04 by the close. stocks that fell outnumbered those that advanced four to one. China Southern Airlines (HKG:1171) (NYSE:ZNH) and China Mobile (HKG:0941) (NYSE:CHL), the world's largest mobile carrier, advanced despite a weak market sentiment. Shares of China Unicom (HKG:0762) (NYSE:CHU) rose +1.2% but investors took profits off long time favorite China Telecom (HKG:0728) (NYSE:CHA). The rally of energy stocks hit a roadblock; CNOOC Ltd. (HKG:0883) (NYSE:CEO) gave back -2.2% while Yanzhou Coal (HKG:1171) (NYSE:YZC) tumbled -2.8%.

 

The sell-off was universal in Shanghai, the number of stocks that fell outnumbered those that gained ten to one. The Shanghai Composite Index (SHA:000001) fell -29.51 points or -0.9% to 3,118.71 by the close. Trading was suspended for index heavy weight Industrial and Commercial Bank of China (SHA:601398) while Petrochina Co Ltd. (SHA:601857), another index behemoth, lost -1.2%. Stocks that advanced the most in recent rally, mining and resource plays, became vulnerable and experienced the largest profit taking.
Read more...
 
Technical Analysis

China shares rally in HK while Shanghai takes a breather

China shares rally in HK while Shanghai takes a breather April 7, 2010 (Chinavestor) The first day of trading following the Easter Holiday break sent shares in Hong Kong higher, playing catch up with the rest of the world. The Hang Seng Index (INDEXHANGSEN...
Read more...
Technical Analysis

Shanghai takes a breather on Tuesday, HK opens tomorrow

Shanghai takes a breather on Tuesday, HK opens tomorrow April 6, 2010 (Chinavestor) European markets rallied today on strong U.S. market sentiment while Shanghai was hanging on to last week's record gains. The Shanghai Composite Index (SHA:000001) slipped...
Read more...
Technical Analysis

Stocks up in Asia on strong U.S. jobs data

Stocks up in Asia on strong U.S. jobs data April 5, 2010 (Chinavestor) Markets were closed in Hong Kong and Shanghai on Monday but stocks rose in Asia following a strong U.S. jobs report. Besides China, stock markets were closed in Australi...
Read more...
Technical Analysis

Chinese indices on fire in Asia on economic growth

Chinese indices on fire in Asia on economic growth April 1, 2010 (Chinavestor) Stronger than expected manufacturing data sent the Hang Seng Index (INDEXHANGSENG:.HSI) to a ten week high while stocks in Shanghai experienced a broad rally on Thursday. ...
Read more...
Page 142 of 184

Online Courses

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

advance_10
Register

Free weekly newsletter

Get hot China stock news every Monday