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ZX, CAAS rock in 2013 so far

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advance2 January 22, 2013 (Chinavestor) Consumer cyclical and transportation stocks did best in the first three weeks of 2013. China Zenix auto (NYSE:ZX) and China Automotive Hold. (NASDAQ:CAAS) are prevalent on the overbought monitor. Chinese airliners, China Eastern Airlines (NYSE:CEA) and China Southern Airlines (NYSE:ZNH), had their best January performance in three years as lower oil prices and higher passenger load factors boosted investor confidence for the sector. But profit taking took a toll on Huaneng Power (NYSE:HNP), the best perforking NYSE listed large cap China stock in 2012. Energy stocks underperformed as well as lower oil prices hurt oil producers such as CNOOC ltd. (NYSE:CEO) and Petrochina co. ltd. (NYSE:PTR).

Visit the following chart to assess the rest of the China stock universe.

sectors_20130118



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