Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Dow hiccups at 17,000

E-mail Print PDF

advance8 August 2014 (Chinavestor) We argued in the latest Newsletter that we didn’t see a reason to alter an overall bullish sentiment for the rest of the summer. We continue to believe in an overall positive market sentiment for August and the fall for the same reason as before. There is not any major development on the horizon that would stop overall bullish momentum. There are going to be hiccups on the way, no doubt about that. Such derailment was evident in the last week of July when the Dow recoded the biggest weekly loss since January. But the overall trend is expected to be modestly bullish due to prolonged low interest rates and lack of major policy change from the FED.

Let’s take a look what has happened in last month. The Dow Jones Industrial Average fell 1.6% in July, erasing most of the earlier gains of the year. The index is up a mere 0.7% YTD. The NASDAQ composite fared better, falling just 0.9% in July. The index is still up 5.5% YTD, a positive development. Interestingly, the Hang Seng Index surged 6.8% in July and is now back in the black for the first time in 2014. The China ADR Index, tracking the performance of NYSE and NASDAQ listed Chinese stocks, was in-line with the Hang Seng up until the last week of July when a broad sell-off in New York took a toll on the index. All told, the China ADR index advanced 4.4% in July and is up 1.7% YTD.


NL_aug14_1

Historically low valuation and strong earnings helped propel Chinese stocks in Asia and some of that momentum carried over to the NYSE and NASDAQ listed Chinese stocks as well.

Complete Newsletter will be released to the general public in a later time. No restriction to Premium Service subscribers.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!

Free weekly newsletter

Get hot China stock news every Monday