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 fall on inflation concerns

E-mail Print PDF

percent May 11, 2010 (Chinavestor) Shares of Chinese companies fell in Asia on Tuesday as latest statistics show inflation rose to 2.8% in April, the fastest pace in eighteen months. While the latest reading is still below the targeted 3% rate for the year, investors fear that the Central Bank will tighten monetary policy, curb lending and eventually slow growth. Another serious concern is that property prices in 70 cities rose 12.8% in April while new lending of $113 billion was way above consensus forecast. Investors fear more clamp down on property prices by the government.

The Hang Seng Index (INDEXHANGSENG:.HSI) fell -280 points or -1.4% to 20,146.51 by the close. Property and financial stocks led the decline. Shanghai Composite Index (SHA:000001) tumbled -51.2 points or -1.9% to 2,647.57, off over 20% from December 7, 2009 high, entering a bear market.

pree_2010511_etf

Index futures point to a lower open for U.S. markets. Euphoria is winding down making investors focus on economic news. Earnings calendar for Chinese ADRs has been busy with companies like CAST, CHINA, MR, VISN reporting earnings after the bell on Monday. We have JASO, XSEL, HMIN, STV, CTRP and WX on the menu for Tuesday.

The Chinese stocks recovery has been fragile so far, most ADRs trading still in bearish territory.

pre_2010511_hk

The Shanghai Composite has officially entered into a bear market while Hong Kong and U.S. listed China stocks continue to resist.

index_2010511

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