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

Airliners can't lift China indices alone

E-mail Print PDF

strong_3 August 4, 2011 (Chinavestor) Chinese stocks extended the slide in Hong Kong, sending the Hang Seng Index (INDEXHANGSENG:.HSI) 108.0 points or 0.5% lower on Thursday. Airliners advanced on falling oil/kerosene prices but most components of the index declined. Stocks that fell outnumbered those that advanced four to one among components of the 42 member index. But the picture was different on the Mainland. The Shanghai Composite Index (SHA:000001) advanced 5.6 points or 0.2% as investors focused on Chinese macro economic indicators. Monetary tightening kept Chinese stocks at bay for most of 2011 but that is about to change as global economic woes render additional tightening measures unnecessary. Falling financial stocks bode ill for the iShares/FTSE Xhinua 25 China index (NYSE:FXI) but the Guggenheim China Small Cap ETF (NYSE:HAO) is expected to weather the storm better.

China Southern Airlines (SHA:601766), the largest domestic airline, was among the best five stocks in Hong Kong and Shanghai as well. China Mobile (HKG:0941)(NYSE:CHL), the largest mobile carrier in the world, rose the most among components of the Hang Seng Index (INDEXHANGSENG:.HSI). Latest subscriber numbers suggests CHL is going to retain its leading position in the 3G smartphone arena as well. 

pre_201184

Air China (HKG:0753) was behind China Coal (HKG:1898) among best performing stocks of the 25 member Xinhua 25 Index. But most components of the index fell, boding ill for the iShares FTSE/Xinhua China 25 Index (NYSE:FXI). The decline was less universal among small cap stocks where stocks that fell outnumbered those that advanced two to one.

pre_201184_etf

Earnings sank China BAK Battery (NASDAQ:CBAK) on Wednesday while AgFeed Industries (NASDAQ:FEED) continued to slide. The latter dived over 30% a day before and is off almost 50% in just two days.

Outlook remains sound for NYSE listed Chinese carriers, such as China Southern Airlines (NYSE:ZNH) and China Eastern Airlines (NYSE:CEA), if components of the Hang Seng index (INDEXHANGSENG:.HSI) were proxy for ADR trading. But chances are that CNOOC Ltd. (NYSE:CEO) and China Telecom (NYSE:CHA) will decline on Thursday.



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