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 rally in HK on U.S. jobs report

E-mail Print PDF

forecast1 April 4, 2011 (Chinavestor) Investors were buoyant in Hong Kong on Monday, a day before a Holiday on Tuesday, pushing the Hang Seng Index (INDEXHANGSENG:.HSI) to over 24,000 points for the first time in over two months. Airliners continued to reel from high oil prices but most large cap stocks advanced. H-shares of overbought energy stocks Yanzhou Coal Mining (HKG:1171) (NYSE:YZC) and Petrochina Co. Ltd. (HKG:0857) (NYSE:PTR) traded sideways. China Unicom (HKG:0762) (NYSE:CHU) and Chalco (HKG:2600) (NYSE:ACH) were among the best performing NYSE-HKEX cross listed blue chips for the day.

There was no trading on the Mainland due to a holiday. The Hong Kong Stock Exchange will be close on Tuesday for one day and will reopen on Wednesday.

pre_201144

Chinese ETFs are looking good ahead the opening bell on Monday. Most components of the iShares FTSE/Xinhua 25 China Index (NYSE:FXI) advanced in Hong Kong as investors snapped up large caps on valuation. The rally was almost as universal among smaller caps as well; 123 out of 162 components of the Guggenheim Small Cap China ETF (NYSE:HAO) advanced in Asia. 

pre_201144_ETF

Index futures point to a higher open on the NYSE and the NASDAQ, despite record oil prices. Sound jobs creation accompanies by GDP growth seems to pave the way for additional gains for U.S. equities. If components of the Hang Seng Index (INDEXHANGSENG:.HSI) can serve as proxy for ADR trading, outlook is best for Guangshen Rail (NYSE:GSH), China Unicom (NYSE:CHU) and Chalco (NYSE:ACH) ahead the opening bell. But airliner - China Eastern Airline (NYSE:CEA) and China Southern Airlines (NYSE:ZNH) continue to suffer.



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