December 1, 2009 (Chinavestor) Chinese stocks continued to advance in Asia on Tuesday following strong Chinese manufacturing data. According to the latest statistics, November manufacturing activity in China accelerated to the fastest speed in five years. The Hang Seng Index advanced 291.62 points to 22,113.15 points, while stocks in Shanghai pushed the Shanghai Composite +40.06 points or 1.25% higher to 3,235.36 points. China Eastern Airline (NYSE:CEA) won final regulatory approval to merge with smaller Shanghai Airlines, creating the nation's second largest airline after Air China. China Southern Airlines (NYSE:ZNH) advanced in Asia following a Goldman Sachs upgrade to buy. Industrial and Commercial Bank of China (HKG:1398) rose 2.3% following news that the world's largest financial institution had no exposure to Dubai.
Nov. 30, 2009 (Chinavestor) When investors thought that the global recession is winding down, Dubai threw a curve ball. Primary losses from a debt default is estimated to around $70 billion not coun...
Nov. 27, 2009 (Chinavestor) News that Dubai was asking lenders to reschedule interest payment shook world markets world wide sending Chinese shares tumbling in Asia. But markets recovered from ste...
Nov. 25, 2009 (Chinavestor) Strong market day in Shanghai and Hong Kong is always a catalyst for China stocks. Add to this that index futures suggest s positive open and the stage is set for a big m...
Nov. 24, 2009 (Chinavestor) China stock fell in Asia following news that banks will have to sell shares to raise capital. Chinese banks recoded record loan growth in 2009, part of Beijing's policies t...
