August 21, 2013 (Chinavestor) Chinese stocks leveled off in Asia on Wednesday after a heavy sell-off a day before. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 152.6 points or 0.7% while the Shanghai Composite Index (SHA:000001) rose 0.4 points or 0.0%.
Huaneng Power (HKG:0902), the best performing component of the 50 member Hang Seng Index on Tuesday, fell the hardest on Wednesday. Power generators and telecommunication firms, yesterday's winners, all underperformed a day before as investors balanced off their action.
Mainland China is in discord with the rest of the world so far. The Shanghai Composite Index advanced today and failed to collapse yesterday despite plunging indexes in Asia.