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Jobs report, FED sink JOBS

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decline2 April 4, 2012 (Chinavestor) March jobs report is hurting investor sentiment despite a sound reading. The U.S. economy added 209,000 private jobs in March, over the key 200,000 mark for the fifth consecutive month, suggesting the economy is adding enough jobs to lower unemployment to a reasonable level. The reading was enough to make the FED to withdraw stimulus. And this is what's moving the Dow and other key indexes lower in he morning session.

Looking at Chinese stocks trading on U.S. exchanges, 51job Inc. (NASDAQ:JOBS) fell the hardest in the first part of the trading session. This company is dubbed by many as China's Monster.com, the online recruiter. There is lot of truth to it after the proportion of the print advertisement segment, equivalent to our Yellow Pages, fell to under 20% of total revenues.


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Other notable movers include solar stocks, LDK Solar (NYSE:LDK) and Suntechc Power (NYSE:STP) in particular. Trading stocks like Melco Crown Entertainment (NASDAQ:MPLE) and Vanceinfo Technologies (NYSE:VIT) are also hurting.



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