February 10, 2014 (Chinavestor)The Dow Jones Industrial Average (INDEXDJX:.DJI) ended the week on a high note and made the first significant comeback in 2014. The question is: how did Chinese stocks do? Which ones participated in the rally and which ones missed out?
The following chart sums it up all. Selected healthcare, technology and basic material stocks outperformed while financial and utilities missed out on the rally. Minday Medical (NYSE:MR) was the single most important contributor to the healthcare sector followed by WuXi Pharma (NYSE:WX). Aluminum Corp. of china (NYSE:ACH) and Silvercorp Metals (NYSE:SVM) lifted basic materials while the rest fell. Same goes for tech stocks: Baidu Inc, (NASDAQ:BIDU) and Sina (NYSE:SINA) advanced but most tech stocks failed to gain traction.
China Life Insurance (NYSE:LFC) sank the financial sector just like Huaneng Power (NYSE:HNP) damaged utilities.
Unfortunately for western investors representatives from the Chinese consumer sectors are very low market cap, low trading volume stocks that are not followed by Chinavestor.