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China stocks await Greek data, June 28

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buy_sell_hold_icon June 28, 2011 (Chinavestor) China stocks were missing direction on Tuesday ahead of Greece's vote and data. The Hang Seng Index (INDEXHANGSENG:.HSI) rose a mere 20.0 points or 0.1% while the Shanghai Composite Index (SHA:000001) was virtually flat ending the day 1.0 point or 0.001% higher.

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Outlook for Chinese ETFs is uncertain and is depending on market sentiment. There was no direction in Asia for components of key Chinese ETFs. Stocks that advanced were the same than those that decline for both large and small caps.

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Tiens Biotech (AMEX:TBV), a next to penny stock, jumped 65.0% on Monday but there is no indication of additional upside. The rest of the China ADR universe was mixed with small caps doing most of the heavy lifting.



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