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China August Trade Surplus Drops 30.4% MoM
Posted by: Kiki.yang on Sep 10 2010
China recorded a trade surplus of $20.03 billion in August, down 30.4% from July, as exports rose 34.4% year-on-year to $139.3 billion and imports expanded 35.2% year-on-year to $119.27 billion, according to data released September 10 by the General Administration of Customs... |
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A-Shares Edge Up, Pharma, Chemical Cos Strong
Posted by: Tom Telford on Sep 10 2010
The Shanghai Composite Index edged up 0.26% to close at 2, 663.21, while the Shenzhen Composite Index improved 0.71% to end at 1, 187.44 on Friday, September 10. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.3 billion and 8.18 billion, respectively.
Pharmaceutical and healthcare products companies soared today... |
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HSI Climbs on Positive Pharma Stocks
Posted by: Tom Telford on Sep 10 2010
The Hang Seng Index increased 0.43% to close at 21,257.39 on September 10, 2010, in main board trading turnover of HK$65.95 billion. The Hang Seng China Enterprises Index rose 0.05% to close at 11,835.93.
Pharmaceutical companies expanded, with Dawnrays Pharmaceuticals (2348.HK), Jiwa Bio-Pharm Holdings (2327.HK), Northeast Tiger (8197.HK) and Wuyi International Pharmaceutical (1889.HK) jumping 11.34%, 10%, 9.7% and 7.25%, respectively... |
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A-Shares Dive; Steel Cos Retreat
Posted by: Kiki.yang on Sep 09 2010
The Shanghai Composite Index decreased 1.44% to close at 2,656.35, while the Shenzhen Composite Index lost 1.37% to end at 1,179.13 on Thursday, September 9. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 13.3 billion and 9.53 billion, respectively.
City commercial banks and joint-stock banks dropped further as yesterday's concerns continued that the government plans to set more stringent loan loss provision requirements, Shanghai Securities reports September 9... |
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HSI Climbs with Buoyant Airlines; Banks Mixed
Posted by: Tom Telford on Sep 09 2010
The Hang Seng Index climbed 0.37% to close at 21,167.27, on Thursday, September 9, 2010, in main board trading turnover of HK$61.86 billion. The Hang Seng China Enterprises Index added 0.46%.
Airliners gained today with Cathay Pacific (0293.HK) gaining 3.69%, Air China (0753.HK, 601111.SH) increasing 3.52%, and China Eastern Air (0670.HK, NYSE:CEA, 600115.SH) ending 3.4% higher.
Banks were mixed today... |
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Mainland Markets Mixed; Potash, Natural Gas Up, Banks Slump
Posted by: Sijia Xie on Sep 08 2010
The Shanghai Composite Index lost 0.11% to close at 2,695.29, while the Shenzhen Composite Index climbed 0.75% to end at 1,195.48 on Wednesday, September 8. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.35 billion and 8.00 billion, respectively.
Domestic potash producers extended growth from Monday, with Qinghai Salt Lake Industry (000578.SZ) up 5.94%, Qinghai Salt Lake Potash (000792.SZ) gaining 4.56% and Sinochem (600500.SH) adding 1.17%... |
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H-Shares Slump in Heavy Trade
Posted by: Tom Telford on Sep 08 2010
The Hang Seng Index declined 1.46% to close at 21,088.86 on Wednesday, September 8, in main board trading turnover of HK$118.81 billion. The Hang Seng China Enterprises Index lost 1.5% to close at 11.776.72.
Industrial and Commercial Bank of China (1398.HK, 601398.SH) fell 1.2%, Bank of China (3988.HK, 601988.SH) withdrew 1.47% and Bank of Communications (BoCom) (3328.HK, 601328.SH) dropped 2.01%, while of the smaller cap banks, China Merchants Bank (3968.HK, 600036.SH) and China CITIC Bank (0998.HK, 601998.SH) retreated 2.54% and 3.58%, respectively... |
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A-Share Indices Edge Up; Cement, Agri Cos Soar
Posted by: Tom Telford on Sep 07 2010
The Shanghai Composite Index increased 0.08% to close at 2,698.36, while the Shenzhen Composite Index climbed 0.69% to end at 1,186.52 on Tuesday, September 7. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 11.22 billion and 7.62 billion, respectively.
Jiangxi Wannianqing Cement (000789.SZ) surged 9.26%, Huaxin Cement (600801.SH) jumped 7.38% and Tangshan Jidong Cement (000401.SZ) improved 7.28%... |
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Hang Seng Flat as Financials Weigh on Property Advance
Posted by: Sarah Wu on Sep 07 2010
The Hang Seng Index gained 0.22% to close at 21,401.79 on Tuesday, September 7, in main board trading turnover of HK$58.21 billion. The Hang Seng China Enterprises Index dipped 0.04% to 11,956.23.
Resources stocks provided upside strength, with Maanshan Iron (0323.HK, 600808.SH) hiking 5.69%, Angang Steel (0347.HK, 000898.SZ) rising 3.83% and Chongqing Iron & Steel (1053.HK) increasing 1.91%, while PetroChina (NYSE:PTR, 0857.HK, 601857.SH) improved 0.93%... |
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HSI Gains; Banks, Logistics and Mining Up
Posted by: Emily Alitto on Sep 06 2010
The Hang Seng Index gained 1.83% to close at 21,355.77 on Monday, September 6, in main board trading turnover of HK$72.65 billion. The Hang Seng China Enterprises Index increased 1.64% to end at 11,960.57.
Bank of China Hong Kong (2388.HK) gained 3.47%, Bank of China (3988.HK, 601988.SH) gained 2.27% and ICBC (1398.HK, 601398.SH) increased 1.9%.
Logistics and transportation companies also expanded, with China Cosco Holdings (1919.HK, 601919.SH), China Shipping Development (1138.HK, 600026.SH), and China Merchant's Holdings (0144.HK) climbing 3.09%, 3.36% and 1.84%, respectively.
Metals and mining companies improved... |
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Shanghai Market Up on Steelmakers, Miners
Posted by: Tom Telford on Sep 06 2010
The Shanghai Composite Index jumped 1.54% to close at 2,696.25, while the Shenzhen Composite Index climbed 0.01% to end at 1,178.35 on Monday, September 6. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 14.42 billion and 9.32 billion, respectively.
Lingyuan Iron & Steel (600231.SH) soared 9.99% and Liuzhou Iron & Steel (601003.SH) jumped 8.38%, while sector giants Baoshan Iron & Steel (600019.SH) and Angang Steel (0347.HK, 000898.SZ) gained 7.06% and 6.27%... |
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SAFE Official Discloses China Forex Reserves Structure
Posted by: Kiki.yang on Sep 03 2010
China's foreign exchange reserves composition roughly reflects the average global forex structure with 65% in US dollars, 26% in Euros, 5% in British pounds and 3% in Japanese yen, China Securities reported September 3 citing an unnamed official from the State Administration of Foreign Exchange (SAFE)... |
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State Council Calls on Mayors to Oversee Veg Price Controls
Posted by: Kiki.yang on Sep 03 2010
The State Council issued a notice September 2 calling for controls on fast-rising prices of food items and stressing municipal government leaders' responsibility to ensure stable supply of vegetables in major cities... |
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A-Shares Dip, Banks, Property Weigh
Posted by: Sarah Wu on Sep 03 2010
The Shanghai Composite Index edged down 0.01% to close at 2,655.39, while the Shenzhen Composite Index climbed 0.5% to end at 1,178.26 on Friday, September 3. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 12.94 billion and 9.14 billion, respectively.
Banks and securities stocks retreated Friday, with CITIC Securities (600030.SH), Shanghai Pudong Development Bank (600000.SH) and Bank of Communications (3328.HK, 601328.SH) losing 0.95%, 0.85% and 0.83%, respectively... |
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HSI Adds 0.5% as Airlines, Carmakers, Property Climb
Posted by: Tom Telford on Sep 03 2010
The Hang Seng Index gained 0.49% to close at 20,971.5 on Friday, September 3, in main board trading turnover of HK$72.65 billion. The Hang Seng China Enterprises Index increased 0.67% to end at 11,767.41.
Automakers improved... |
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We analyze the July economic data.
