May 10, 2011 (Chinavestor) Natural resource stocks led the DJIA higher on Monday as oil and energy prices bounced back up after last week's steep fall. The stock market is closed for the day in Hong Kong in observance of a public holiday. Trading in Shanghai ended on a high note as resource plays advanced. The rally was universal, stocks that advanced outnumbered those that fell ten to one among the 50 largest components of the Shanghai Composite Index (SHA:000001).
With no trading in Hong Kong today, there is not much clue Chinese ETF traders may gain from trading in Asia today. Earnings and economic news will continue to drive Chinese stocks. Mindray Medical (NYSE:MR) reported a 24% increase in revenues and a 4.2% increase in net income. The company reaffirmed 2011 revenue guidance and is trading higher in pre market trading.