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

China stock mixed in Asia

E-mail Print PDF

pre-622-tumbChinese stocks fell in Shanghai second day in a row, but trading in Hong Kong was strong where the Hang Seng Index jumped over 400 points. Trading in Shanghai was goofed by speculations that the government will tight lending in order to avid a stock bubble to build. The Shanghai Composite fell 72.17 points or 2.11% to 3,356.33. But trading in Hong Kong sent the Hang Seng Index up 404.47 points or 1.9% to 20,899.24. Chinese telecom players lead the rally, followed by oil companies and resource plays.

Index futures point to a higher open for the DJIA, suggesting a bullish day for Chinese stocks. If Hong Kong can serve as a barometer, expect China Mobile (NYSE:CHL), Sinopec (NYSE:SNP), Petrochina (NYSE:PTR), Huaneng Power (NYSE:HNP) and Aluminum Corp. of China (NYSE:ACH) to do well on Thursday. Looking at NASDAQ listed China stocks, Baidu.com (BIDU) and Focus Media (FMCN) are the best positioned to take advantage of a bullish market day.

pre-86

Despite a recent jump in the Hang Seng, its trailing ETF, the ishanre FTSE/Xinhua 25 Index (NYSE:FXI) is not overbought and has upside potential.

index_86

expl-obos



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