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China stocks mixed in Asia on Wednesday

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pre-623-tumb(Sept. 9, 2009 - Chinavestor) Strong auto sales in China in August, an increase of 90% over last year's data, sent the Shanghai Composite Index higher on Wednesday. The index advanced seventh day in a row by 15.78 points or 0.54% to 2,946.26. Metal, resource and auto stocks led the rally but the rest of the sectors were on hold waiting for more data, released on September 11. The government will release manufacturing, inflation, urban fixed-asset investment and other statistics that day.

The Hang Seng Composite in Hong Kong fell 218.77 points or 1.04% following strong gains in the last five days. The index cleared over 1000 points from the high 19,000s to over 21,000 and profit taking took a toll on the index. Stocks that fell outnumbered those that advanced 9:1 out of the forty four member Hang Seng index.

U.S .index futures point to a lower open, indicating a potentially weak day ofr China ADRs. But the solar sector is absolutly on fire and expect those china plays to continue shine on Wednesday. 

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