May 27, 2010 (Chinavestor) The following Chinese companies are scheduled to report financial results for the first quarter ended March 31, 2010 starting May 24.
Taiwan raised its 2010 GDP growth forecast to 6.14% from 4.72%, but also nudged its inflation target to 1.4% from 1.27%. Taiwan has kept interest rates steady at 1.25% since last year.
Taiwan is working on a trade agreement with China, its largest trading partner. Exports to China soared 62% in April from a year earlier, after an 82% gain in March, according to Bloomberg News.
Taiwan Semiconductor (NYSE:TSM) is Taiwan's largest listed company.
May 20, 2010 (Chinavestor) – Global equity markets faltered once again on Thursday as Europe's debt concerns continued to hold equity markets hostage. The three major U.S. indexes took their cues from their Chinese counterparts, which plunged overnight, helping the Dow Jones Industrial Average, S&P 500 and Nasdaq all loose at least 3.5%. The Shanghai Composite (SHA:000001) lost almost 32 points, or 1.2%, to settle at a three-week low of 2,555.94.
Riskier assets such as energy and materials names were bludgeoned as investors once again showed risk appetite is weak. Cnooc (NYSE:CEO), China's largest offshore oil driller, slumped $5.96 to $151.82 and PetroChina (NYSE:PTR), China's largest oil company, tumbled $4.76 to $101.92. Coal stocks also took it on the chin with the Market Vectors Coal ETF (NYSE:KOL) violating support at $30. Yanzhou Coal (NYSE:YZC), a top KOL holding, lost $1.63, or 7.5%, to close at $20.17.
Chinese airlines were grounded by investors today with China Southern Airlines (NYSE:ZNH) plunging $2.02, or 9.5%, to $19.22 on volume that was more than 505 higher than usual. The trade was no better for rival China Eastern Airlines (NYSE:CEA), which fell $3.14, or 7.55%, to $38.44. Travel related stocks in general saw dour trade with Ctrip.com (Nasdaq:CTRP) shedding $3.04, or 8%, to settle at $34.96 on volume that was more than 50% higher than the daily average.
Other big losers included Baidu (Nasdaq:BIDU), which lost $2.55, or 3.64%, to close at $2.55. Sina (Nasdaq:SINA) continues to see substantial selling pressure and was down again on Thursday, losing $2.01, or 5.54%, to settle at $34.28. Sina (Nasdaq:SINA) has lost 2% in the past two days after gapping up early Tuesday.
China TechFaith Wireless (Nasdaq:CNTF) was the day's big winner after delivering a solid earnings report last night. China TechFaith Wireless (Nasdaq:CNTF) shares were up almost 22% on the day. Linktone (Nasdaq:LTON) caught a bid on the back of China TechFaith Wireless (Nasdaq:CNTF) as Linktone (Nasdaq:LTON) gained 9.8%. Qiao Xing Mobile (NYSE:QXM) also participated in the positive trade for mobile phone-related issues, gaining almost 1%.
Vanceinfo Technologies (NYSE:VIT) notched a decent gain of 44 cents, or 2.5%, to close at $19.93. Volume was more than double the daily average in Vanceinfo Technologies (NYSE:VIT). Yucheng Technologies (Nasdaq:YTEC), the provider of IT services, gained almost 1% on strong volume. Sinovac Biotech (Nasdaq:SVA) and Yingli Green Energy (NYSE:YGE) rounded out the top Chinese percentage gainers with gains of 0.25% and 0.22%, respectively.
May 19, 2010 (Chinavestor) – U.S. stocks followed their Chinese counterparts lower on Wednesday, as real estate and banking shares weighed on the Shanghai Composite Index (SHA:000001), which fell by 0.3%. The Hang Seng Index (IndexHangSeng:.HSI) tumbled by almost 2%. Losers outpaced gainers, but winners outpaced losers in Shenzhen, where the Shenzhen Composite fell 0.12%.
Stocks mentioned in this report include Trina Solar (NYSE:TSL), China Real Estate Information (Nasdaq:CRIC), Global Sources (Nasdaq:GSOL), WuXi Pharmatech (NYSE:WX), Sinopec Shanghai Petrochemical (NYSE:SHI), Cogo Group (Nasdaq:COGO), Rino International (NASDAQ:RINO), among others.