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 shares rise in Shanghai but sluggish in Hong Kong

E-mail Print PDF

cash2 April 13, 2010 (Chinavestor) Oil and insurance companies led the Shanghai Composite Index (SHA:000001) higher on Tuesday as earnings prospects sweetened. Shares of China Pacific Insurance (SHA:601601) rose +7.2% while China Life Insurance (SHA:601628), the largest Chinese life insurer,  advanced +4.2%. Shares of smaller rival Ping An Insurance (SHA:601318) rose 3.9%.

The trading pattern was similar in Hong Kong to Shanghai; higher opening and a low start in the afternoon session. But the Hang Seng Index failed to end the day in the red. Insurers, Sinopec (HKG:0386), Asia's largest refiner by volume, outperformed while airliners dragged the index lower for the day.

pre_2010413_etf

Large cap oil and insurance stocks weighted on U.S. listed Chinese stocks on Monday, a trend that is unlikely to continue on Tuesday. China Mobile (NYSE:CHL) moved away from the overbought position and is ready to go higher.

pre_2010413_hk

Chinese indices have been trading in a narrow range lately. Notable movers include the global shipping ETF (NYSE:SEA), Treasuries and oil.

index-2010413



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