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DJIA lifts HK stocks late March

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advance8 March 27, 2012 (Chinavestor) A 160 points surge of the Dow helped Chinese stocks to advance in Hong Kong the next day, but investors focused on domestic news in Shanghai. The Hang Seng Index (INDEXHANGSENG:.HSI) advanced 378.1 points or 1.8%, its best run in March, but the Shanghai Composite Index (SHA:000001) slipped 3.4 points or 0.1% as China's corporate profits growth took a hit in Jan-Feb. Mainland Chinese stocks led the advance in Hong Kong. Each and every component of the 25 member Xinhua 25 China Index rose, biding well for the iShares FTSE/Xinhua China 25 Index (NYSE:FXI), the most liquid Chinese ETF.

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