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 stocks wait for FED move

E-mail Print PDF

bank_2 August 26, 2011 (Chinavestor) There isn't too much to gain from China stock trading in Asia on Friday. Investors are waiting for FED Chairman Mr. Bernanke's speech today. As a result, the Hang Seng Index (INDEXHANGSENG:.HSI) and the Shanghai Composite Index (SHA:000001) were trading in a narrow range. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 169.6 points or 0.9% by the end of the day with two third of its components succumbing to profit taking. The Shanghai Composite shed a mere 3.1 points or 0.1% in a similar fashion.

Most components of the DJIA fell a day before as investors await what the FED Chairman can do to shore up the economy. Bank of America (NYSE:BAC) surged 9.4% following news that Warren Buffet will invest $5 billion into the largest American financial institution. But tech stocks suffered after the resignation of Steve Jobs as Apple (NASDAQ:AAPL) CEO.

 

pre_2011826

Chinese ETF fell along the market on Thursday, a move that may get repeated on Friday. Investors don't get much clue from Asia on Friday for both key Asian markets lacked direction. Most components of the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) fell but small caps experiences a less broad sell-off in Asia.

pre_2011826_etf

China small caps remained volatile with China Infrastructure Development (NASDAQ:CIIC) taking the lead. This small cap ADR surged over 30% on no particular news. Shanda Games (NASDAQ:GAME) rose 11.0% days after releasing earnings. Lower oil price may help airliners but hurt the energy sector, but that's subject to Ben Bernanke inspired market sentiment.



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