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

Shipping co's lift stocks in HK

E-mail Print PDF

ship_2 June 11, 2012 (Chinavestor) Spain's bank bailout lifted investor sentiment world wide, sending Chinese stocks higher in Asia on Monday. The Shanghai Composite Index (SHA:000001) rose 24.4 points or 1.1% while the Hang Seng Index (INDEXHANGSENG:.HSI) surged as much as 451.3 points or 2.4%. The advance was universal in Hong Kong where stocks that advanced outnumbered those that fell ten to one among components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI). Chinese stocks led the advance for all but one component of the Xinhua 25 China Index rose. This bodes well for the iShares FTSE/Xinhua China 25 Index (NYSE:FXI), the most liquid Chinese ETF trading on the NYSE.

China Cosco (HKG:1919), China's largest container shipper, was the best performing component of the Hang Seng Index (INDEXHANGSENG:.HSI) and the best among 50 largest components of the Shanghai Composite (SHA:000001) as well. The stock lost over 25% in the last three months as Europe's troubles mounted. But latest export/import data show China's exports remained strong and grew by over 10% in May, giving shippers a much needed boost. CSCL (HKG:2866) and China Shipping Development  (HKG:1138) were the three best components of Hong Kong's main gauge.

pre_20120611



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