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 sweat on high oil, inflation

E-mail Print PDF

price_1May 11, 2011 (Chinavestor) Chinese stocks fell in Asia following news that inflationĀ  held above 5% in April and government efforts to reign in lending has failed. Investors fear that additional monetary tightening is about to come, hurting corporate growth going forward. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 44.2 points or 0.2% in line with the Shanghai Composite Index (SHA:000001). NYSE cross-listed Guangshen Railways (NYSE:GSH) continue to shine as investors bet on government policies, favoring the company for the next three years. High oil prices hurt airliners but helped energy stocks in Hong Kong.

pre_2011511

Chinese railway, telecoms and energy stocks led components of the Xinhua 25 China Index on Wednesday. This bodes well for the iShares FTSE/Xinhua 25 China ETF (NYSE:FXI), the most liquid Chinese ETF. Small cap proxy Guggenheim Small Cap China EETF (NYSE:HAO) is looking good ahead the opening bell on Wednesday for most of its components advanced in Asia earlier today.

pre_2011511_etf

Earnings lifted Mindray Medical (NYSE:MR) on Tuesday while Longtop Financial Tech (NYSE:LFT) bounced back as the company fights allegations. IF components of the Hang Seng Index (INDEXHANGSENG:.HSI) can serve as proxy for ADR trading, outlook is best for Yanzhou Coal (NYSE:YZC) and CNOOC Ltd. (NYSE:CEO), but airliners and Chalco (NYSE:ACH) are expected to fall.



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