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Chinese auto stocks are hot!

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carparts2 September 23, 2013 (Chinavestor) Consumer cyclical, capital goods and transportation stocks rocked the boat last week among Chinese ADRs. Small cap China Zenix Auto (NYSE:ZX), China Automotove (NASDAQ:CAAS) propelled consumer cyclical sector higher while Wuhan General (NASDAQ:WHUN) and China Yuchai (NYSE:CYD) lifted capital goods sector. The rally was a lot more universal among transportation stocks; airliners as well as rail and shipping stocks advanced just above 10%.

Utilities are off the chart due to lack of interest in Huaneng Power Int. (NYSE:HNP) last week. China's largest independent power generator had the best run in five years in 2012 but saw consolidation in 2013 so far.

For additional sector performance see chart below.

 

sectors_20130923



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