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ZTE, GSH, YZC, China Cosco fell hard in HK

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decline_7 December 13, 2013 (Chinavestor) The Hang Seng Index (INDEXHANGSENG:.HSI) recovered 0.12% on Friday after a steady fall throughout the week. The index has lost 500 points or 2.1% since Monday.

We found only five Hang Seng components that advanced while the rest fell. Guangshen Rail (HKG:0525) fell the hardest, over10%. This bodes ill for its NYSE listed ADR, NYSE:GSH.

ZTE (HKG:0763), a Chinese telecom equipment maker declined significantly along with China Cosco (HKG:1919) and China Shenhua Energy (HKG:1088).

 

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