February 11, 2014 (Chinavestor) Equity markets caught fire world wide after FED Chairwoman Mrs. Yellen commented on QE. The Dow Jones Industrial Average (INDEXDJX:.DJI) surged 200 points by noon with no signs to slow down.
China stock investors want to know, under such circumstances, which stocks advanced the most. The list starts out with CNOOC Ltd. (NYSE:CEO), China's offshore oil specialist. China's largest oil producer Petrochina Co. (NYSE:PTR) is next followed by China Life Insurance (NYSE:LFC) and Sinopec (NYSE:SNP). Chinese telecoms and airliners are on fire as well as the following chart testifies.
Stocks not taking advantage of such a rally include SouFun Holdings (NYSE:SFUN) as well as web portals like Sina Corp. (NASDAQ:SINA) and Sohu.com Inc. (NASDAQ:SOHU).
Going back to the chart, it shouldn't be a surprise that Chinese oil companies do so well. CNOOC Ltd. (NYSE:CEO) was identified as one of the most volatile stock lately. Petrochina Co. (NYSE:PTR) and Sinopec (NYSE:SNP) failed to take advantage of the February resurgence so today's rally is just a catch up with the rest of the market.
China Life Insurance (NYSE:LFC) has been an underdog for all of January. Today's rally is to make up for those relative losses.
Chinese tech stocks were mixed in January with Baidu Inc. (NASDAQ:BIDU) leading the sector higher. Lack of traction from Sohu.com Inc. (NASDAQ:SOHU) and Sina Corp. (NASDAQ:SINA) are troublesome signs going forward.
SouFun Holdings (NYSE:SFUN) fell from the $95 range to $77 in just a few weeks. But there is obviously no support behind the stock and may continue to slide, if today's price changes are indicative.