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

Euro hopes lift China stocks in Asia

E-mail Print PDF

advance_8 September 14, 2011 (Chinavestor) Fears about Greece sinking the euro subdued after Germany's Chancellor Merkel stood firm in support for the eurozone's most troubled economy. Asian stocks made a remarkable comeback in the afternoon session, as a result. The Hang Seng Index (INDEXHANGSENG:.HSI) made a comeback and rose 14.9 points or 0.1% by the end of the trading session. The Shanghai Composite Index (SHA:000001) advanced 13.5 points or 0.5% thanks to a sound afternoon trading session. If anything, Chinese telecommunication stocks moved noticeably in Hong Kong. China Telecom (HKG:0728) and China Mobile (HKG:0941) rose 3.3% and 2.6%, respectively. China Unicom (HKG:0762), the second largest mobile carrier, advanced 1.8%.

The advance was far from universal among components of the Hang Seng Index (INDEXHANGSENG:.HSI). More stocks fell then advanced among the 42 components of the index. But large cap, index heavy weight China Mobile (HKG:0941) and Petrochina Co. Ltd. (HKG:0857) rose 2.6% and 1.6% each. China Life Insurance (HKG:2628), the troubled Chinese insurer after 2011 second quarter result, surged 2.2%, the most in August.

pre_2011914

Chinese stocks were mixed in Hong Kong for half of the components of the Xinhua 25 Index advanced and the rest fell. All three Chinese telecoms were among the best components of the index along with Chalco (HKG:2600) and China Life Insurance (HKG:2628). Chinese telecoms enjoy an industry rotation after years of neglect. Stock price of China Mobile (HKG:0941), the largest mobile carrier in the world, is basically unchanged after the 2008 crash, making the sector attractive on valuation.

pre_2011914_etf



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