June 1, 2011 (Chinavestor) Chinese stocks took a breather on Wednesday before the all important jobs data from the U.S. The Shanghai Co0mposite Index (SHA:000001) edged 0.5 points higher while the Hang Seng Index (INDEXHANGSENG:.HSI) fell 57.7 points or 0.2%. Stocks that fell outnumbered those that advanced two to one among the 50 largest components of the Shanghai Comp. Index. There was no general direction for large caps in Hong Kong.
Chinese ETFs had a strong day on Tuesday, rising on the back of sound U.S. market sentiment. But that's about to change as investors eye key U.S. data.