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China stock outlook dim Nov 12

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decline_9 November 12, 2013 (Chinavestor) Outlook is dim for US listed Chinese stocks on Tuesday. Both the Dow and the China ADR Index advanced on Monday but index futures turned negative in the US and the Hang Seng Index (INDEXHANGSENG:.HSI) fell 168.4 points or 0.7% early morning as well.

The Dow hit a 35th record high this year on Monday after a slim 21.3 points advance. Chinese ADRs caught up with US indexes sending oversold stocks back to the game. Sohu.com Inc. (NASDAQ:SOHU) and Sina Corp. (NASDAQ:SINA), two of the most oversold China stock on Monday morning, rose $3.2 and $1.5, respectively. SouFun Holdings (NYSE:SFUN) advanced as much as $5.2.

See following chart for details.

 

pre_20131112



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