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HK, Shanghai differ mid October

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buy_sell_2 October 15, 2012 (Chinavestor)Trading was different on the mainland than in Hong Kong on Monday. The Hang Seng Index (INDEXHANGSENG:.HSI) advanced 11.8 points or 0.1% while the Shanghai Composite Index (SHA:000001) fell 6.2 points or 0.3%. More telling is the fact that stocks that fell outnumbered those that advanced six to one among the largest components of the Shanghai Composite Index while most components of the Hang Seng Index advanced. Chinese shipping companies led the Hang Seng Index (INDEXHANGSENG;.HSI) higher, CSCL (HKG:2866) and China Shipping Development (HKG:1138) rose 4.4% and 2.0%, respectively. But Huadian Power (HKG:1071) fell along with the rest of the power generator sector.

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