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HK stocks slip on Tue before Thanksgiving

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decline_9 November 26, 2013 (Chinavestor) Chinese stocks slipped in Hong Kong on Tuesday as well as in the U.S. a day before. The Hang Seng Index (INDEXHANGSENG:.HSI) stayed in the black for most of the day but slipped 3.2 points or 0.0% by the end of the trading day. The China ADR Index, compiled by Chinavestor, fell 7.5 points or 1.0% on Monday. Chinese airliners succumbed to profit taking on the NYSE, like China Eastern Airlines (NYSE:CEA) and China Southern Airlines (NYSE:ZNH), after a record run up last week. Petrochina (NYSE:PTR), the largest Chinese oil company, fell 3.73% dragging down the index.

Outlook is mixed ahead the trading day on Tuesday. Given that the Thanksgiving Holiday is near, light trading and no direction is the most likely scenario for US listed Chinese stocks on Tuesday.

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