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Chinese stocks up strong in Asia on Monday

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Asia_1Nov. 23, 2009 (Chinavestor) China stocks listed in the U.S. are expected to do well on Monday. Index futures point to a higher open on top of already strong market day in Asia. The Claymore AlphaShares China Real Estate (NYSE:TAO) is well positioned to outperform today. Details in the middle of this report. The Shanghai Composite Index rose 30.32 points or 0.92% to 3,338.66 following strong gains from last week. But Hong Kong rocked the boat sending the Hang Seng Index 315.55 points or 1.41% higher to 22,771.39.  Domestic consumption related stocks outperformed as investors bet on China's strong GDP growth will spur demand for consumer staples. Chinese airliners, Tsingtao Teer (HKG:0168), China Life Insurance (HKG:2628) (NYSE:LFC), Yanzhou Coal (HKG:1171), Aluminum Corp. of China (HKG:2600), Petrochina (HKG:0857) did well. But power generators fell following allegations that rising oil and coal prices will hurt margins. China's largest independent power producer, Huaneng Power (HKG:0902) (NYSE:HNP) fell -1.0% followed by Datang Power (HKG:0991) and Huadian Power (HKG:1071).

Looking ahead, earnings and momentum will dominate China stock trading today. LDK Solar (NYSE:LDK) reported stronger then expected and is up 14% in pre-market trading. 51job Inc. (NASDAQ:JOBS), The 9 Ltd. (NASDAQ:NCTY), CDC Corp. (NASDAQ:CHINA) and China TechFaith Wireless (NASAQ:CNTF) are going to report on Monday.

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When it comes to ETFs and indices, the morgan Stanley China Fund (NYSE:CAF) has a lot of ground to make up to match the Shanghai Composite. Another possible winner for the day is the Claymore AlphaShares China Real Estate ETF (NYSE:TAO). The rest of the China ETF universe is expected to do well on strong market sentiment.

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