February 6, 2012 (Chinavestor) Chinese stocks failed to get traction in Asia on Monday despite a strong finish for the DJIA on Friday. Sound jobs growth propelled US stocks higher on Friday as outlook for the global economy improved, but Europe kept Chinese equities hostage on Monday. Political leaders failed to agree on cuts in Greece derailing the next entrenchment of the EU financial rescue package.The Shanghai Composite Index (SHA:000001) was virtually unchanged while the Hang Seng Index (INDEXHANGSENG:.HSI) fell -47.0 points or 0.2%. On the corporate front, Sohu.com Inc. (NASDAQ:SOHU) opened the Chinese earnings season with a rather large negative surprise. Net income fell on goodwill related charges and the stock tumbled 15% in pre-market trading on the NASDAQ.