December 16, 2013 (Chinavestor) The only Chinese sector that managed to stay in the black for December is technologies. All others fell along the market. Services, mostly large cap telecom stocks, as well as financial stocks managed to minimize losses but small cap consumer cyclical and capital goods stocks suffered heavily in the first two weeks of December.
Large cap Baidu.com (NASDAQ:BIDU) and Youku Tudou (NYSE:YOKU) contributed the most to the performance of tech sector. But the advance was not universal, most tech stocks fell along the market.
Chinese telecoms fared relatively well while Melco Crown Entertainment (NASDAQ:MEPL) and Home Inns & Hotels Management (NASDAQ:HMIN) advanced among services stocks.
See chart for the performance of all other Chinese sectors in chart below.