Hong Kong Blue Chips: +66, +0.3%, to 23,184, 05-30-11, Heng Seng Index
Chinese Stocks in Hong Kong: +43, +0.3% to 13,004, 05-30-11, HSCE Index
Chinese Stocks in the U.S.: +6.8 to 435.8, 05-27-11, Bank of New York Mellon, ADR Index-China
Insight: Although Asian markets were mixed, Hong Kong stocks posted modest gains Monday. Turnover was very weak, with U.S. and U.K. markets closed for a holiday. Investors' focus this week will be on the Chinese Purchasing Manager Index to be released Wednesday and on some large-cap IPOs. One IPO scheduled for Friday is paper-based packaging products maker Zhengye International (3363). KGI Research
Quotable: "Looking forward into next week, most attention in the market will continue focusing on the euro-zone debt crisis. Market sentiment will remain cautious in the near-term as weakness in the A-share market prevails. Upward breakthrough may be difficult with such overhang but we see the HSI to have good support at the 22,500 level." BEA Securities. 5-28-2011
Chinese Company to Watch: Kunlun Engery (135) "China's LNG market may grow faster than expected leading to re-rating in Kunlun Energy." Guoco Capital. 5-30-2011
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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