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 jump in Asia, January 4, 2011

E-mail Print PDF

Hong_Kong_2 January 4, 2011 (Chinavestor) Chinese stocks extended the rally to the second day of the new year in both key Asian markets. The Shanghai Composite Index (SHA:000001) surged 44.6 points or 1.6% while the Hang Seng Index (INDECHANGSENG:.HSI) rose 232.4 points or 1.0%. Property, railway and resource stocks surged in Shanghai following news that China may delay a property tax and that the Beijing-Shanghai high speed rail will go operational in June 2011, 7 months ahead of the schedule. NYSE-HKEX cross-listed stocks on the move in Hong Kong included Aluminum Corp. of China (NYSE:ACH), Yanzhou Coal Mining (NYSE:YZC) and China Eastern Airlines (NYSE:CEA).

The rally was universal on the Mainland; stocks that advanced outnumbered those that fell 25 to 1 among the 50 largest components of the Shanghai Composite Index (SHA:000001). The rally was broad among components of the Hang Seng Index (INDEXHANGSENG:.HSI) as well.

pre_201114

Looking at components of key Chinese ETF in Asia this morning, outlook is sound for the iShares FTSE/Xinhua 25 China Index (NYSE:FXI) for 20 out of its 25 components rose in Hong Kong. Chinese coal shares have been on the rise on strong demand. Small caps enjoyed a universal rally of their own. 140 out of 162 components of the Guggenheim Small Cap China Fund (NYSE:HAO) rose in Asia this morning.

pre_201114_etf

Index futures point to a higher open for the NYSE this morning. Considering the broad rally for both large and small cap stocks, outlook is sound for Chinese ADRs. If components of the Hang Seng Index (INDEXHANGSENG:.HSI) can serve as proxy for ADR trading outlook is best for Aluminum Corp. of China (NYSE:ACH) and Yanzhou Coal Mining Co. (NYSE:YZC). Airliners, China Eastern Airlines (NYSE:CEA) and China Southern Airlines (NYSE:ZNH), are looking good as well.



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