DAILY FIX
Hong Kong Blue Chips: -119, -0.7%, to 18,011, 09-28-11, Hang Seng Index
Chinese Stocks in Hong Kong: -17, -0.2% to 9,277, 09-28-11, HSCE Index
Shanghai Stocks: -1.0%, 2,392, 09-28-11, Shanghai Composite Index.
Chinese Stocks in the U.S.: +2.6 to 361.3, 09-27-11, Bank of New York Mellon, ADR Index-China
Insight: Hong Kong opened lower after Tuesday's sharp rise and retreated further in the early afternoon in line with a drop in Asian and Mainland Chinese markets but gained back some losses before closing. Higher commodity prices helped Chinese resources plays. Oil producer CNOOC (NYSE CEO, 0883 in Hong Kong) gained 3.9%. Cement producers and construction companies continued to rebound: CNBM (OTC CBUMY, 3323) +3.4%. KGI Research
Quotable: "Market rebound may continue but confidence remains weak." BOCOM International. 9-27-11
Chinese Company to Watch: China properties. "Considering current market volatility, we suggest sticking to index composite stocks with high market liquidity and with developers with healthy balance sheets. According to this criteria, we recommend CR Land (1109...." CCB Internatonal. 9-26-11
Brokerages and analysts cited have disclaimers on their websites emphasizing their statements are for information only. They do not endorse my blog, and I don't endorse them.
For a list of Chinese companies sold in the U.S. and information on each company go to http://www.adrbnymellon.com/dr_country_profile.jsp?country=CN
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