July 13, 2011 (Chinavestor) Wednesday was a complete opposite of Tuesday for China stocks in Asia. The Hang Seng Index (INDEXHANGSENG:.HSI) rose 263.7 points or 1.2% with each and every component of the index ending the day higher. The Shanghai Composite Index (SHA:000001) advanced 40.9 points or 1.5% with large caps taking the lead.
Italian lawmakers pushed for a speedy austerity package, easing fears that the third largest economy in the eurozone would drop the currency.
Components of key Chinse ETFs did just as well as major indices. All but two components of the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) advanced, boding well for the most liquid Chinese ETF.