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 fall first week in May in Asia

E-mail Print PDF

decline3 May 6, 2011 (Chinavestor) Chinese indices fell in the first week of May in Asia as investors sold off energy and commodity stocks. The Hang Seng Index (INDEXHANGSENG:.HSI) shed 102.5 points or 0.4% on Friday while the Shanghai Composite index (SHA:000001) fell 8.3 points or 0.3%. U.S. jobless claims rose unexpectedly on Thursday, signalling the U.S. economic recovery may loose steam. pre_201156

Resource stocks fell hard in Asia on Friday. Yanzhou Coal Mining (HKG:1171), the third largest Chinese coal miner, tumbled 3.2% followed by China Shenhua energy (HKG:1088), China's largest coal miner. CNOOC Ltd. (HKG:0883), China's offshore oil driller, fell 2.5% as price of oil dropped to as low as $94/barrel at one point.

But index futures point to a higher open as the economy added 244,000 payrolls in April, the third straight months of gains over 200,000. 51job Inc. (NASDAQ:JOBS) reported earnings after the close on Thursday and is trading up in pre-market trading hours.

pre_201156_etf

But Agfeed Industries (NASDAQ:FEED) fell hard as investors cut risk, while Silvercorp Metals (NYSE:SVM) suffered as price of the metal fell apart. Chinese airliners are poised to benefit from lower oil prices, as was the case in Asia this morning.



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