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Chinese stocks go sideways March 26

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breath1 March 26, 2012 (Chinavestor) Chinese stocks were looking for direction ahead the final week of March in Asia. The Shanghai Composite Index (SHA:000001) was virtually unchanged from last Friday just like the Hang Seng Index (INDEXHANGSENG:.HSI). Trading in Shanghai lacked direction but some the ledger recorded some notable movers in Hong Kong. Weiqiao Textile Company Limited (HKG:2698) tumbled over 10% in heavy volume following earnings announcement. Warren Buffet sponsored BYD Company (HKG:1211), a Chinese eclectic car manufacturer, fell 4.8% after reporting a 45% drop in 2011 profits.

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