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China stocks mixed in Asia early May

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rotation May 4, 2012 (Chinavestor) China stocks fell in Hong Kong on Friday ahead of key US jobs report. The Hang Seng Index (INDEXHANGSENG:.HSI) gave up 163.5 points or 0.8% on the last day of the first week in May. Despite a broad decline, Chinese airliners continued to recover. China Eastern Airlines (HKG:0670) advanced 2.2% on Friday and is up 21.9% since April 17, a day it hit fresh 6 months lows. Shares of Air China (HLG:0753), the country's flagship carrier, rose 0.9%. But aluminum maker Chalco (HKG:2600), the third largest maker of the metal in the world, fell 2.9%, the most among components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI). Investors didn't pay much attention to US news on the mainland. The Shanghai Composite Index (SHA:000001) rose 11.9 points or 0.5% on Friday following anticipation that the government will stimulate the economy in face of an European or global economic slowdown. The advance was fairly universal in Shanghai where most components of the benchmark index advanced.The Shanghai Composite Index (SHA:000001) rose 1.9% for the week and is up 8.4% since April 5.

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