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China stocks mixed ahead U.S., EU data

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buy-sell December 13, 2011 (Chinavestor) China stocks fell on Tuesday in Asia but dynamics in key markets were different. The Hang Seng index (INDEXHANGSENG:.HSI) fell 128.5 points or 0.7% ending the day on a high note while the Shanghai Composite Index (SHA:000001) ended the day at its lows. The index lost 43.0 points or 1.9% to lose at new 52 week lows as investors fear slower exports and a housing slump will hurt the economy even more in China.

 

The decline was universal in Shanghai where stocks that fell outnumbered those that advanced ten to one among the 50 largest components of the Shanghai Composite Index (SHA:000001). But investor sentiment was a lot brighter in Hong Kong where investors eyed U.S. retail data and European data. Germany posted a surprisingly positive economic data and Spanish bond sale was also conducted at lower yields.

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