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AsiaInfo Tumbles 20% following 2010 Q2

Submitted by chinastock on Thu, 07/29/2010 - 09:20
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July 29, 2010 (Chinavestor) Shares of AsiaInfo Holdings (NASDAQ:ASIA)fell 23 percent in the first hour of trading on Thursday, following the release of 2010 second quarter earnings. The company reported in-line top line growth but missed EPS target of $.36 by 7 cents. The tumble came on the heel of numerous favorable statements from various sources.


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Overbought stocks slow down on July 29

Submitted by chinastock on Thu, 07/29/2010 - 08:15
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July 29, 2010 (Chinavestor) There are three NASDAQ listed China stocks that are in the danger zone, according to the overbought chart below. These are Sohu.com (NASDAQ:SOHU) and Shanda Games (NASDAQ:GAME) and The9 Ltd. (NASDAQ:NCTY) from the online game sector. Giant Interactive (NYSE:GA) is the underdog among online gamers and is getting oversold. China Infrastructure Development (NASDAQ:CIIC) and Noah Education Hold. (NYS:ENED) might hit bottom soon, according to the oversold indicator.

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China stocks trade water in Asia on July 29

Submitted by chinastock on Thu, 07/29/2010 - 07:57
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July 29, 2010 (Chinavestor) The wind is gone from the sail of Chinese stocks in Asia as the mediocre performance of the Shanghai Composite Index (SHA:000001) and the Hang Seng Index (INDEXHANGSENG:.HSI) testifies. The Mainland's gauge advanced 14.5 points or 0.5 percent while the city state's index inched 0.01 percent higher.

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Baidu, Sohu.com Helping Publicis Grow In China

Submitted by chinastock on Thu, 07/29/2010 - 06:13
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July 29, 2010 (Chinavestor) Chinese Internet giants Baidu (Nasdaq:BIDU), the country's largest provider of Internet search services, and Sohu.com (Nasdaq:SOHU), China's fourth most visted Web portal, are helping France's Publicis Groupe (NYSE:PUB), one of the largest advertising agencies in the world, increase its footprint in China.


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Rio Tinto, Chinalco Reach Iron Ore Accord

Submitted by chinastock on Thu, 07/29/2010 - 05:59
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July 29, 2010 (Chinavestor) Rio Tinto (NYSE:RTP), one of the three largest iron ore miners in the world, reached a major iron ore accord with Chinese rival Chinalco, parent of Aluminum Corp. of China (NYSE:ACH) known as Chalco, establishing a joint venture to manage an iron project in Guinea in West Africa.


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China ADR Wrap July 28, 2010

Submitted by chinastock on Wed, 07/28/2010 - 16:05
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July 28, 2010 (Chinavestor) – Chinese stocks led the way once again as U.S. equities endured a moderate sell-off that saw the Dow Jones Industrial Average (INDEXDJX:.DJI) shed just under 40 points, or 0.4%. The picture was more rosy in Hong Kong with the Hang Seng Index (INDEXHANGSENG:.HSI) popping 0.6%. The Shanghai Composite Index (SHA:000001) was a stalwart performer, jumping 2.2%.

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ZNH Estimates Profit Increase of 5,000%

Submitted by chinastock on Wed, 07/28/2010 - 10:09
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July 28, 2010 (Chinavestor) This announcement is made by China Southern Airlines (NYSE:ZNH) (HKG:1055) (the Company) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.


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China stocks stretching too thin, July 28

Submitted by chinastock on Wed, 07/28/2010 - 07:56
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July 28, 2010 (Chinavestor) The rally looks unsustainable for The9 Ltd. (NASDAQ:NCTY) and Sohu.com (NASDAQ:SOHU), according to the overbought indicator. Additional stocks in the danger zone include Shanda Games (NASDAQ:GAME), China TechFaith Wireless (NASDAQ:CNTF) , Zhongpin (NASDAQ:HOGS), Baidu.com (NASDAQ:BIDU), and HSBC Plc. (NYSE:HBC) - just to name a few. Noah Education (NYSE:NED) and China Infrastructure Investment Corp (NASDAQ:CIIC) are not oversold despite significant losses.

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China stocks continue to advance in Asia

Submitted by chinastock on Wed, 07/28/2010 - 07:38
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July 28, 2010 (Chinavestor) Chinese stocks advanced in Shanghai on domestic outlook while Hong Kong listings took a merit from upbeat U.S. earnings. The Shanghai Composite Index (SHA:000001) advanced 58.3 points or 2.2 percent to 2,633.36 while the Hang Seng Index (INDEXHANGSENG:.HSI) rose 117.8 points or 0.6 percent to 21,091.18.

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Perfect World Expects $100M In International Sales

Submitted by chinastock on Wed, 07/28/2010 - 06:34
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July 28, 2010 (Chinavestor) Chinese online gaming firm Perfect World (Nasdaq:PWRD), the maker of such titles as "Legend of Martial Arts," said it expects global sales of $100 million this year as investments in international markets start to pay dividends for the company. Perfect World (Nasdaq:PWRD) acquired a Japanese company in March to expand its footprint in Japan.


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