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 extend rally to March

E-mail Print PDF

advance9 March 1, 2011 (Chinavestor) Chinese stocks took clues from the rally of the Dow on Tuesday, helping the Hang Seng Index (INDEXHANGSENG:.HSI) and the Shanghai Composite Index (SHA:000001) extend gains for the week.

The Shanghai Composite Index (SHA:000001) rose 14.8 points or 0.5% while the Hang Seng Index (INDEXHANGSENG:.HSI) edged 58.4 points or 0.2% higher fro the day.

Oversold real estate stocks took the lead on the Mainland. China Vanke (SHE:200002), the largest Chinese property developer, rose 0.9% while Poly Real Estate (SHA:600048) rose 3.5%. Aluminum Corp. of China (SHA:601600) rose 2.0% in Shanghai but fell 4.0% in Hong Kong, highlighting the asymmetry between the two key Chinese markets.

While Shanghai is driven by domestic news, investors in Hong Kong follow U.S. market sentiment. The city state's finances, interest rate and currency just to name a few, are tied to that of the U.S., making it susceptible to U.S. market fluctuations.

pre_201131

Looking at components of key Chinese ETFs on Tuesday, the good news is that most small cap and large cap stocks advanced. This bodes well for both the iShares FTSE/Xinhua 25 China Index (NYSE:FXI) and the Guggenheim Small Cap China Fund (NYSE:HAO).

pre_201131_ETF

Earnings are going to continue to play a major role in Chinese ADR prices. Mindray Medical (NYSE:MR) reported a record fourth quarter and reissued sound revenue guidance. Internet giant Sina Corp. (NASDAQ:SINA) and Shanda Games (NASDAQ:GAME) are on the menu for the rest of the week.



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