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 level off in Asia after big rally

E-mail Print PDF

Asia_1Nov. 10, 2009 (Chinavestor) China shares rose moderately in Asia on Tuesday following days of strong gains. The Shanghai Composite Index advanced +3.03 points or +0.1% to 3,178.61 points while the Hang Seng Index ended the day +60.61points or +0.27% higher at 22,268.16. Profit taking put pressure on the markets as both the Hang Seng and the Shanghai Composite index are at one month highs.

Property shares were strong in Shanghai just as was Industrial and Commercial Bank of China (SHA:601398) (HKG:1398), the world largest financial institution by market cap. ICBC advanced 1.3% in Shanghai and 0.9% in Hong Kong. Auto shares soared in Hong Kong after China's explosive passenger car sales report for October; Brilliance Auto (HKG:1114) jumped 15.0% on Tuesday.

Shares of Yanzhou Coal (HKG:1171) fell after a strng open, just as major did oil comanies. For a stock specific analysis, please read today's over bought/oversold report.

Three Chinese ADRs are going to report earnings today: JA Solar NASDAQ:JASO), AirMedia Group (NASDAQ:AMCN) and China Digital TV Hold. (NYSE:STV). Index futures point to a slightly lower open, giving no indication for the rest of the day for China ADRs.

pre-1110

Technical condition of China indices and ETFs suggests that the FXI became vulnerable as it ran ahead of the Hang Seng Index. Global Shipping (NYSE:SEA) remains attractive ahead of the bell on Tuesday.

index-1110

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