DAILY FIX
Hong Kong Blue Chips: -771, -4.4%, to 16,822, 10-03-11, Hang Seng Index
Chinese Stocks in Hong Kong: -509, -5.7% to 8,917, 10-03-11, HSCE Index
Shanghai Stocks: Closed for holiday 2,359, 10-03-11, Shanghai Composite Index.
Chinese Stocks in the U.S.: -9.4 to 349.9, 09-30-11, Bank of New York Mellon, ADR Index-China
Insight: A sharp drop on Wall Street Friday and growing worries over bad loans at Chinese banks helped trigger a sell-off of China stocks in Hong Kong. Chinese financials were hit hard: ABC (ACGBY) -8.1%. KGI Research
Quotable: "For the coming week, investors will pay attention to the release of key US economic data, including retail sales on Monday, ISM Non-Mfg Index on Wednesday and unemployment rate on Friday. Nevertheless, the equity market is unlikely to see a significant rebound in the short-term, as the overall sentiment remains weak and nobody is willing to buy stocks at this moment. We see the HSI may test the next support level of 17,000." BEA Securities. 9-30-11
Chinese Company to Watch: "Lenovo agreed to form a joint venture with Compal Electronics (2324 TT) to make notebook computers in China, an unusual tie-up between a major brand and a contract manufacturers. Lenovo hopes it will help move up its global PC ranks." BEA Securities. 9-30-11
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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