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China stocks retreat in Asia, Nov. 26

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decline3 November 26, 2010 (Chinavestor) China stocks fell in Asia on renewed problems with the Euro and fears of monetary tightening at home. The Shanghai Composite Index (SHA:000001) fell 26.6 points or 0.9% in-line with the Hang Seng Index (INDEXHANGSENG:.HSI).

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Index heavy weight Petrochina Co. Ltd. (SHA:601857) and Industrial and Commercial Bank of China (SHA:601398) weighted down the Shanghai Composite Index (SHA:000001) falling 1.79% and 1.59%, respectively.

But NYSE cross-listed China Eastern Airlines (NYSE:CEA) advanced 2.0%, the most among components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI). H-shares of China Southern Airlines (NYSE:ZNH) rose 0.7% in Hong Kong earlier the day.

But H-shares of Petrochina Co. Ltd. (HKG:0857) (NYSE:PTR) fell 1.37 while CNOOC Ltd. (HKG:0883)(NYSE:CEO), China's offshore oil producer, shed 0.82%. Another Hang Seng Index (INDEXHANGSENG:.HSI) member, Aluminum Corp. of China (HKG:2600) (NYSE:ACH), fell 0.85%.



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