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

Hong Kong stocks end week on high note

E-mail Print PDF

advance9 September 16, 2011 (Chinavestor) The broad rally of the DJIA on Thursday set a positive tone for the Hang Seng Index (INDEXHANGSENG:.HSI) for the next day. The index opened 400 points up on Friday ending the day 273.8 points or 1.4% higher for the day. China Shipping Development (HKG:1138) surged 8.1% as fears of a global slowdown eased. The stock lost 40% YTD but have made some ground back lately. Profit taking hurt China Unicom (HKG:0762) and China Mobile (HKG:0941), the best Hong Kong listed Chinese stocks for the week.

Optimism evaporated by the end of the trading day among mainland investors. The Shanghai Composite Index (SHA:000001) gave up most early morning gains ending the day a mere 3.3 points or 0.1% higher. Investors remain cautious about possible monetary tightening in China, keeping stocks and indexes at bay. China Shenhua Energy (SHA:601088), the largest Chinese coal miner, rose 1.3% after releasing operational data for August.

pre_2011916

Chinese stocks pulled the Hang Seng Index (INDEXHANGSENG:.HSI) on Friday. All but three components of the Xinhua 25 China Index advanced, boding well for the iShares FTSE/Xinhua China 25 Index (NYSE:FXI). Easing European debt concerns helped financials stocks in Hong Kong. Four out of the best performing Chinese stocks came from the sector besides China Cosco (HKG:1919). The advance was less universal among smaller China stock on Friday, as components of the Guggenheim China Small Cap EETF (NYSE:HAO) testify.

pre_2011916_etf

Perfect World (NASDAQ:PWRD) tumbled 19.4% on Thiursday after lowering revenue guidance. News sent the rest of the sector falling as well, NetEas.ecom Inc. (NASDAQ:NTES) fell 4.75%.



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