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 end year on high note in Asia

E-mail Print PDF

new_year2 February 2, 2011 (Chinavestor) Chinese stocks ended Wednesday on a high note ahead of the Chinese New Year. The Shanghai Composite Index (SHA:000001) advanced 8.7 points or 0.3% while the Hang Seng Index (INDEXHANGSENG:.HSI) surged 426.0 points or 1.8%. Wen Jiabao, China's Premier, said that additional measures are needed in the real estate sector to curb home prices, prompting a sell-off of real estate and construction material related stocks. But investors in Hong Kong shrugged off China specific news for the day and focused on record earnings instead.

The rally was universal in Hong Kong as all but two components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI) advanced. Oversold airliners bounced back up while Yanzhou CoalĀ  (HKG:1171) (NYSE:YZC) and Sinopec (HKG:0386) (NYSE:SNP) continued to advance from the energy sector. Aluminum Corp. of China (HKG:2600) (NYSE:ACH) advanced strongly in both Asian markets as well. The Chinese telecom sector was lacking momentum after a sound run in January. pre_201122

Looking at components of key Chinese ETFs in Asia on Wednesday morning, large caps had a spectacular day. ASll but one component - China telecom (NYSE:CHA) of the 25 member iShares FTSE/Xinhua 25 China Index (NYSE:FXI) advanced ahead the Chinese New Years holidays. Small cap stocks moved higher by large as well, as components of the Guggenheim Small Cap China Fund (NYSE:HAO) testify.

pre_201122_etf



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