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Airliners, financial stocks rock in November

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advance9 December 4, 2014 (Chinavestor) Chinese transportation and financial stocks rocked the boat in November. The financial sector aadvanced 17.5% in just one month while transportation stocks surged as much as 21.5% in November, on average. China Life Insurance (NYSE:LFC) lifted financial sector the most. This is a sector heavy weight company that advanced from $44.7 to $52.5 in November.

Chinese airliners advanced as price of oil fell. China Southern Airlines (NYSE:ZNH) and China Eastern Airlines (NYSE:CEA) jumped 32.6% and 39.9%, respectively.

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But energy stocks took a big hit as price of oil tumbled. Petrochina Co. Ltd. (NYSE:PTR), China's largest oil producer, fell 17.8% and CNOOC Ltd. (NYSE:CEO), China's offshore oil producer, declined as much as 12.1%. The sector itself fell 15.2%, on average.



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