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Big movers keep momentum in HK

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economy_5 October 17, 2011 (Chinavestor) Comparing Chinese stocks that moved big last Friday on the NYSE to this morning movers on the Hong Kong Stock Exchange, three stocks stick out. Yanzhou Coal Mining (NYSE:YZC), China Unicom (NYSE:CU) and Aluminum Corp. of China (NYSE:ACH).

Shares of Yanzhou Coal Mining (NYSE:YZC) jumped 6.47% last Friday, catapulting the stock to the top among NYSE listed Chinese stocks with market cap over $250 million. The good news is that its H-shares (HKG:1171), listed in Hong Kong, soared over 7% on Monday, making it one of the best components of the broad Hang Seng Index (INDEXHANGSENG:.HSI). With index futures pointing to a higher open, chances are that Yanzhou Coal (NYSE:YZC) will shine today.

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But it's not just momentum stocks that have a chance to shine. China Unicom (NYSE:CHU) fell 4.16% last Friday, the second most after Train Solar (NYSE:TSL). But H-shares of China Unicom (HKG:0762) surged 4.5% on Monday, far outperforming the rest of the sector. A bounce back for its ADR (NYSE:CHU) is highly likely.

The same is true for Aluminum Corp. of China (NYSE:ACH). The stock fell 2.4% last Friday but soared 6.15% in Hong Kong on Monday. With a broad resource rally taking place, ACH has a chance to shine on Monday as well.



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