March 13, 2014 (Chinavestor) Top politicians publicly raised concerns amid weak export data that the world's second largest economy is slowing. The Hang Seng Index (INDEXHANGSENG:.HSI) fell over 200 points on the news mid-day, ending the session 145.9 points or 0.7% lower on Thursday. The decline was universal, stocks that fell outnumbered those that advanced three to one among components of the 50 member index. The China ADR Index, calculated by Chinavestor, fell 5.2 points or 0.7% on Wednesday, significantly more than the Dow Jones or other major indexes. Large cap Sinopec (NYSE:SNP), China's largest oil refiner, led the decline followed by Huaneng Power Int. (NYSE:HNP) and China Life Insurance (NYSE:LFC), China's largest life insurer. China Mobile (NYSE:CHL), the largest mobile operator in the world, weighted down the telecom sector in addition.
Most volatile components of the Dow Jones, Hang Seng, and China ADR Index
Despite a hospitable market environment, selected Chinese stocks advanced on Wednesday. WuXi Pharmatech (NYSE:WX) rose $2.1, the most among major Chinese NYSE and NASDAQ listings. Ctrip.com Int. (NASDAQ:CTRP) advanced $1.8, continuing a recovery since February. Baidu Inc. (NASDAQ:BIDU), the technology sector leader, bounced back and rose a mere $0.4 on Wednesday. Sina Corp. (NASDAQ:SINA), another internet heavy weight, followed suit.