November 17, 2013 (Chinavestor) Chinese stocks fell in Hong Kong as the market is waiting for the FED next's move. The Hang Seng Index (INDEXHANGSENG:.HSI) declined 45.4 points or 0.2% on Tuesday. Sinotrans (HKG:0598) bucked the trend and surged 13.1% amid high volume.
CNOOC Ltd. (HKG:0883) fell 3.5%, the most among components of the 50 member index. The decline was not all that universal, stocks that fell outnumbered those that advanced two to one among components of Hong Kong's benchmark index.
Outlook is not all that gloomy for Chinese ADRs though. The Dow rose 129.2 points or 0.8% on Monday. Should Chinese stocks piggyback US counterparts, Guangshen Rail (NYSE:GSH) may do very well on the NYSE today.