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FED, uncertainty weight China stocks

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FED September 17, 2013 (Chinavestor) Chinese stocks took a breather in Hong Kong on Tuesday after a strong start for the month. The index is up 5.97% in September already. Investors took profits in Shanghai as well sending the broad Shanghai Composite Index (SHA:000001) 45.8 points or 2.1% lower for the day. The sell-off intensified as the day progressed due to uncertainty about the US economy and outlook for China's key export markets grew.

The sell-off was universal in Shanghai where stocks that fell outnumbered ten to one those that advanced. Large cap stocks took most of the beating with only three out of the 50 largest components of the broad index managing to advance. For stocks that moved, see following chart below.

 

pre_20130917



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