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

Stocks in HK extend losses on Thu

E-mail Print PDF

decline1 July 12, 2012 (Chinavestor) Gloomy global outlook coupled with no short term stimulus from the FED sank markets worldwide. The DJIA recovered from steep losses by the end of the trading day on Wednesday but the Hang Seng Index (INDEXHANGSENG:.HSI) was less fortunate. Hong Kong's main gauge fell 394.8 points or 2.1% in a broad decline. Stocks that fell outnumbered those that advanced eight to one among 42 components of the index. Chinese shipping companies led the decline as outlook for exports darkened. China Shipping Development (HKG:1138) fell 5.7%, the most among components of the Hang Seng Index (INDEXHANGSENG:.HSI). CSCL (HKG:2866) declined 3.6% as well. Falling oil prices hurt oil producers but upstream oil companies and airliners rose on lower oil costs. Sinopec (HKG:0386), Asia's largest refiner, rose 2.3% while Shanghai Petrochemical (HKG:0338) advanced 0.4%. China Eastern Airlines (HKG:0670) rose 1.6% and Air China (HKG:0753) stayed in the black for the day as well. Stocks were looking for direction in Shanghai. The Shanghai Composite Index (SHA:000001) rose 10.1 points or 0.5% by the end of the trading day as China's trade balance improved in June over last year. Chinese coal companies led the advance on the mainland. China Coal (SHA:601898) rose 4.7% while China Shenhua Energy (SHA:601088), the largest coal miner in China, advanced 3.3%.

 

pre_20120712



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