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

Outlook, housing stats lift stocks in China

E-mail Print PDF

economy_1 April 18, 2012 (Chinavestor) Chinese stocks had their best day in months following positive global and domestic economic news. The IMF raised global forecast outlook to 3.5% this year from 3.1% effectively saying that hard landing is not an option for China. Additionally housing prices fell in 37 cities out of of 70 the government monitors suggesting curbs are working and next step may be easing. The Shanghai Composite Index (SSA:000001) surged 1.9% while the Hang Seng Index (INDEXHANGSENG:.HSI) rose 218.4 points or 1.1%. Real estate, securities and insurance companies led the advance in Shanghai on market outlook. Poly Real Estate (SHA:600048), the largest Shanghai listed property developer, jumped 4.7%, the most for the year. China Vanke (SHE:200002), the largest developer of the nation, surged 4.4%. Citic Securities SHA:600030) and Haitong Securities (SHA:600837) rose over 4%.

 

The advance was similarly universal in Hong Kong, stocks that advanced outnumbered those that fell eight to one among components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI). China Eastern Airlines (HGK:0670) bottomed out and rose 2.24% after hitting six months lows. Mining, steel and energy stocks led the advance as growth outlook for the world second largest economy improved.

pre_20120418



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