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China stocks breathe on June 5

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breath1 June 5, 2012 (Chinavestor) Chinese stocks bounced back in Asia on Tuesday after heavy losses a day before. The Hang Seng Index (INDEXHANGSENG:.HSI) advanced 73.4 points or 0.4% after a 2.0% slide, while the Shanghai Composite Index (SHA:000001) rose 3.4 points or 0.1%. Chinese power generators advanced the most in Hong kong as price of oil and coal fell, improving margins or Huaneng Power Int. (HKG:0902) and Datang Power (HKG:0991). Airliners advanced after news spread that price of domestically produced jet fuel will be cut. China Eastern Airlines (HKG:0670) advanced 3.65%.

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