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

Shanghai stocks at six week high in January

E-mail Print PDF

snow_1 January 28, 2011 (Chinavestor) China stock investors continued to lift shares in Shanghai, sending the Shanghai Composite Index (SHA:000001) to a new six week high. Investors likes industials and resource plays but the financial sector came under pressure after policy makers raise capital ratios to 14 percent for banks where credit growth gets excessive.

Hong Kong investors paused ahead of U.S. GDP data, making the Hang Seng Index (INDEXHANGSSNG:.HSI) suffering a 162.6 points or 0.7% loss for the day. Despite the sell-off, telecoms continued to outperform the market. H-shares of China Unicom (NYSE:CHU) rose 1.1% followed by China Telecom (NYSE:CHA) and China Mobile (NYSE:CHL). But China's offshore oil specialist, CNOOC ltd. (NYSE:CEO) fell the most among components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI) after issuing a 2011 production guidance.

pre_2011128

Outlook for large cap Chinese ETFs is weak ahead the opening bell on Friday. Most components of the iShares FTSE/Xinhua 25 China Index (NYSE:FXI) ended the day in the red, expect for telecoms. The decline was less universal among small cap stocks as components of the Guggenheim Small Cap China ETF (NYSE:HAO) testify. Stock the fell outnumbered those that advanced two to one among small cap stocks in Asia.

pre_2011128_etf

Looking forward, investors are on hold ahead of U.S. GDP data. Corporate earnmings are mixed with a positive bias as Microsoft (NASDAQ:MSFT) and Ford (NYSE:F) reported sound numbers.



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