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 Stock Bulls vs Bears in Asia

E-mail Print PDF

bear_bull June 7, 2011 (Chinavestor) Chinese stocks advanced in Shanghai but followed U.S. indices lower in Hong Kong on Tuesday. The Shanghai Composite Index (SHA:000001) rose 17.5 points or 0.6%, but more tellingly, 90% of large cap stocks advanced as bulls grabbed the horn of the market. With financial troubles brewing around the world, chances of additional monetary tightening are slim. Fear of fiscal tightening have hurt investor sentiment for most of the year, keeping stocks attractive on valuation.

But things are different in Hong Kong where investors keep eye on the U.S. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 80.9 points or 0.4% as uncertainly about global recovery looms. Lack of direction is well depicted by stocks from the coal industry. China Coal (HKG:1898) and Yanzhou Coal (HKG:1171) were among the best components of the Hang Seng Index (INDEXHANGSENG:.HSI), but China Shenua Energy (HKG:1088), the largest coal miner, fell the most among components of the Xinhua 25 China Index. This bodes ill for the iShares FTSE/Xinhua 25 China Index (NYSE:FXI), a market cap weighted ETF. U.S. stocks fell for the fourth day in a row on Monday as investors worry that the U.S. economic recovery wasn't genuine. Weak housing and jobs reports underline the fundamental problem the world largest economy is facing. Weak sentiment hurt stocks in Hong Kong, a city whose currency and interest rates are pegged to the dollar.

pre_201167

But outlook for large cap Chinese ETFs is improving. Stocks that fell were just about the same as those that advanced among the 25 components of the iShares FTSE/Xinhua China 25 Index (NYSE:FXI). But outlooks is different for small cap proxy Guggenheim Small Cap China ETF (NYSE:HAO) on Tuesday morning. Stocks that fell outnumbered those that advanced two to one among 160 plus components of the ETF.

pre_201167_etf

Small Cap Chinese ADRs continue to be volatile with a negative bias. It was China Marine Food (AMEX:CMFO) that advanced almost double digit in percentage terms while nine stocks that fell just as much or more on Monday.



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