China stocks are expected to open higher on Monday while trading in Asia was mixed. The Shanghai Composite Index <.SSEC> advanced fourth time in a row on Monday, adding 1.6% or 47.10 points to 2,975.36, another record for 2009. Chinese coal miners advanced; China Shenhua, China Coal and Yanzhou Coal all outperformed the broad index. Huaneng Power A-shares jumped 2.3% on the back of increased generation rate and a proposed electricity price increase. But trading in Hong Kong was different, the Hang Seng Index <.HSI> took a breath after five days of straight gains. The 42 member index shed 71.75 points to 18,528.51 points. Power generators were strong just as was Yanzhou Coal (YZC). But Chinese airliners took the helm of the gains, China Southern Airlines (600029.SS: Quote, Profile , Research)(1055.HK: Quote, Profile , Research)(ZNH: Quote, Profile , Research) jumped HK$.14 or 6.8% followed by Air China (601111.SS: Quote, Profile , Research) (0753.HK: Quote, Profile , Research
Chinese stocks listed in American Stock exchanges are expected to trade higher in the morning. While signs are mixed from Asia index futures point to a higher open ahead the bell. There is not a single China ADR that is overbought, a dramatic change from two weeks ago. Overall technical conditions are neutral with a positive bias.