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 Stocks Advance in Asia on Wednesday

E-mail Print PDF

Asia_1Nov. 4, 2009 (Chinavestor) China stocks were strong in Asia on Wednesday. The Shanghai Composite index advanced +14.31 points or 0.36% to 3,128.54 points at the close. The index broke through the physiologically important 3,000 level on Monday and managed to eke out small gains since then. But as the overbought/oversold indicator suggests, the Morgan Stanley China Fund (NYSE:CAF) is behind its peer and has some ground to make up. Momentum carried over to Hong Kong sending the Hang Seng Index to a +374.71 points or 1.76%rally  for the day. With index futures pointing to a higher open, expect China ADRs to do well on Wednesday. The private sector axed 203,000 jobs, an improvement from last month but still a painful reminder that improvement will be gradual and slow. The markets are waiting for the FED to see any changes in the policy. Assuming the FED will keep interest rates historically low, the green back will slide pushing commodity prices higher. This in turn makes a case for Chinese oil and coal companies. For momentum driven China stocks see today's overbought/oversold report: Momentum China stocks keep moving.

pre-114

The picture for Chinese indices and ETFs looks good ahead he Bell on Wednesday. The Morgan Stanley China Fund (NYSE:CAF) is behind its index, the Shanghai Composite, and expect it to catch up. Despite strong gains of the Shanghai Composite, the Morgan Stanley China (NYSE:CAF) hasn't moved much in November. The global shipping ETF, NYSE:SEA, is another ETF that is expected to do well on Wednesday.

index-114

aexpl-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