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 advance in Asia, Dec. 14

E-mail Print PDF

advance6 December 14, 2010 (Chinavestor) The Shanghai Composite Index (SHA:000001) eked out a 0.1% gain on Tuesday after a 2.8% surge a day before while the Hang Seng Index (INDEXHANGSENG:.HSI) rose 113.6 points or 0.5%. The rally was universal in Hong Kong; stocks that advanced outnumbered those that fell four to one. Outlook for ADRs is mixed based on Hong Kong trading. Airliners broke a five day loosing streak while China Unicom (NYSE:CHU) continued to shine. China Southern Airlines (NYSE:ZNH) rose 2.8% followed by China Eastern Airlines (NYSE:CEA). But power generators fell as price of coal advanced, hurting Huaneng Power International (NYSE:HNP). Investors turned cautiously optimistic in Hong Kong ahead of the annual trade and economic talks between the U.S. and China. Rising coal and steel prices helped China Shenhua Energy (HKG:1088), China's largest coal miner, to surge 3.8% along with Angang Steel (HKG:0347). Maanshan Iron & Steel (HKG:0323) rose 3.1%. But outlook for power generators worsened as arctic cold gipped northern China, sending coal prices higher. Dantang Power (HKG:0991), Huaneng Power (HKG:0902) and Huadian Power (HKG:1071) all fell hard among components of the Hang Seng Index (INDEXHANGSENG:.HSI).

pre_20101214

Outlook for large cap China stocks is good for today, based on the performance of components of the iShares FTSE/Xinhua 25 China Index (NYSE:FXI) in Asia this morning. stocks that advanced outnumbered those that fell three to one among the 25 components of the index.  

pre_20101214_etf

If components of the Hang Seng Index (INDEXHANGSENG:.HSI) can serve as a proxy for ADR trading, outlook is best for China Southern Airlines (NYSE:ZNH) and China Unicom (NYSE:CHU) ahead the NYSE open. China Eastern Airlines (NYSE:CEA)and China Telecom (NYSE:CHA) had a strong showing in Asia as well, but Huaneng Power International (NYSE:HNP) is expected to gap way down on Tuesday.



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