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

Energy stocks pull China stocks in Asia

E-mail Print PDF

offshore1 May 9, 2011 (Chinavestor) Chinese stocks snapped a week of losses on Monday. The Shanghai Composite Index (SHA:000001) advanced 9.1 points or 0.3% while the Hang Seng Index (INDEXHANGSENG:.HSI) rose 176.9 points or 0.8%. Energy stocks led the rally in Hong Kong as price of oil bounced back from $94/barrel to the $100 range. Petrochina Co. Ltd. (HKG:0857), the largest Chinese oil producer, advanced 1.7% just below CNOOC Ltd. (HKG:0883), China's offshore oil specialist. Yanzhou Coal Mining (HKG:1171), the third largest coal miner in China, surged 3.8%, the second most among 42 components of the Hang Seng Index (INDEXHANGSAENG:.HSI).

pre_2011592

Energy stock dominated components of key Chinese ETFs as well. Most components of the iShares FTSE/Xinhua 25 China Index (NYSE:FXI) rose in Asia on Monday, suggesting a higher open for the ETF on the NYSE today. Small caps enjoyed a broad rally as well; stocks that advanced outnumbered those that fell three to one among components of the Guggenheim Small Cap China ETF (NYSE:HSO) in Asia on Monday.

pre_201159_etf

Earnings made a difference for 51job Inc. (NASDAQ:JOBS) last Friday, sending the stock 12.6% higher. Mindray Medical (NYSE:MR), a mid-sized Chinese medical equipment maker, rose 4.2% just below of Sinppec Shanghai Petrochemical (NYSE:SHI), a Chinese upstream oil company.

Index futures point to a higher open for U.S. indices and Chinese ADRs alike. If components of the Hang Seng Index (INDEXHANGSENG:.HSI) can serve as proxy for ADR trading, outlook is best for Yanzhou Coal Mining (NYSE:YZC) and CNOOC Ltd. (NYSE:CEO) ahead the opening bell.



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