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 cautiously optimistic in Asia

E-mail Print PDF

Asia_1 June 8, 2010 (Chinavestor) China stock indices rose in Asia on Tuesday as value investors entered the fray. While financials and insurers continued to under perform the rest of the market pulled the Shanghai Composite Index (SHA:000001) higher by the end of the day. Trading was even more enthusiastic in Hong Kong. The Hang Seng Index (INDEXHANGSENG:.HSI) rose 109.3 points or 0.6% to 19,487.48 by the end of the day. For a list of the most active China stocks in Asia look at the chart below.

Pre_201068

Index futures point to a higher opening ahead of the Bell on Tuesday. Ben Bernanke, FED Chairman, commented yesterday that the economic recovery is on track; jobs creation in the Midwest helped mitigate the economic stress of the nation in April. Foreclosures fell in California and Florida, another key indicator in dealing with the economic recovery.

Most economic news are coming later the week - such as retail sales data for May on Friday or the trade deficit a day earlier.

Traders were enthusiastic in Hong Kong earlier the day, sending the Hang Seng Index (INDEXHANGSENG:.HSI) 109.33 points higher. Value investors snapped up shares of China Unicom (HKG:0762) (NYSE:CHU) and China Mobile (NYSE:CHL) (HKG:0941) but Yanzhou Coal (HKG:1171) (NYSE:YZC) fell as price of energy remains under pressure.

Pre_201068_HK

There is not a single Chinese ADR that's trading above their 20-DMA, a sign of a complete loss of short term momentum. But this won't last for long, creating opportunity for the smart investor. Expect explosive stocks to outperform the broad market. For a stock specific technical analysis of the China ADR universe visit China stocks watch list for June 8, 2010.



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