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 muted in Asia on August 23

E-mail Print PDF

banace_4 August 23, 2010 (Chinavestor) China stock investors in Asia were looking for direction on Monday, evidenced by the lack of action in Shanghai and Hong Kong. The Shanghai Composite Index (SHA:000001) shed 0.1 percent while the Hang Weng Index (INDEXHANGSENG:.HSI) fell 0.4 percent. Stocks that fell outnumbered those that advanced three to one in Shanghai and four to one in Hong Kong.  Warren Buffet backed BYD Company (HKG:1211) fell 3.8 percent after missing earnings estimates. But Gome Electrical (HKG:0493) rose after first half profits surge of 66 percent. Net for China Construction Bank (HKG:0939), the second largest Chinese lender, jumped 20 percent in the second quarter.

pre_2010823_index

More about uopcoming earniungs: China stock earnings calendar August 23-27.

If Hong Kong can serves as a proxy for NYSE listed ADRs, Chinese airliners are going to feel a pinch on Monday. China Eastern Airlines (HKG:0670) (NYSE:CEA) fell 3.3 percent earlier today in Hong Kong, a bad omen for NYSE:CEA. China Southern Airlines (HKG:1055) (NYSE:ZNH) shed half of that. Large cap China Mobile (HKG:0941) (NYSE:CHL) fell 1.0 percent.



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