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 end week on a low tone in Asia

E-mail Print PDF

Asia_1Dec. 18, 2009 (Chinavestor) China stocks in Asia ended the week on a low tone following speculations that the government will crack down on sizzling property prices in certain cities and that Chinese banks are more strained after record lending then originally though. Fitch Ratings warned that Chinese banks have started to use off-balance sheet items to keep lending at record pace. Real estate developers and financial institution fell hard in Hong Kong dragging the Hang Seng Index to a three weeks low on Friday. The city's mian index fell -171.75 points or -0.80% to 21,175.88 at the close. Stocks didn't do any better in Shanghai on Friday. The Shanghai Composite Index fell -65.19 points or -2.05% to 3,113.89. Poly Real Estate (SHA:600048) fell -7.5% while Aluminum Corp. of China (SHA:601600) dived -8.4%.

But index futures point to a strong open. This will lift China ADRs with two special groups in favor: oversold China stocks and momentum China stocks are expected to outperform on Friday.

pre-1218

The sudden drop in the price of China Real Estate ETF (NYSE:TAO) is a reflection on the depth of the loss of sentiment but intelligent investors might take it as a opportunity to buy into weakness. The iShares FTSE/Xinhua China Index (NYSE:FXI)  is oversold and is ready to bounce right off. For our stock specific information, visit China ADRs to bounce back on Friday

index-1218



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