December 3, 2012 (Chinavestor) Chinese stocks fell sharply in key Asian markets despite evidence that China's economic activity picked up. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 262.5 points or 1.2% while the Shanghai Composite index (SHA:000001) declined 20.3 points or 1.0%. The decline was almost universal among industry leaders as components of the Xinhua 25 Index testify. All but four stocks making up the index fell on Monday. Chinese power generators continue to outperform the broad market. Huadian Power (HKG:1071) and Hunaneng Power Co. (HKG:0902) were among the best performing components of the Hang Seng Index (INDEXHANGSENG:.HSI). But BYD Company (HKG:1211) continued to fell on earnings outlook. Chinese telecom and coal stocks fell, led by China Shenua Energy (HKG:1088), China's largest coal miner.