This afternoon, many of the leading Chinese internet stocks are coming under some distribution. Last night, China reported some economic data that was below analysts expectations. This tells us that the world's hottest economy could be cooling off. Any slowdown in China could be problematic for the global economy.
Sina Corp (NASDAQ:SINA) is a leading Chinese internet stock that started the session very strong. The stock traded as high as $80.80 a share at the…
Added by Bryan Leighton on March 12, 2012 at 3:53pm — No Comments
This morning, all of the leading Chinese internet stocks are declining lower. Baidu Inc (NASDAQ:BIDU) is considered the leading Chinese ADR in the market. Today, BIDU stock is trading lower by $2.83 a share. Short term traders should watch for intra-day support around the $137.00, and $135.00 levels. The daily chart is holding up fine for BIDU at the moment.
Some other leading Chinese internet stocks that are declining lower this morning include Netease.com Inc…
Added by Bryan Leighton on February 17, 2012 at 10:27am — No Comments
This morning, all of the leading Chinese ADR's are coming under sharp selling pressure. Sohu.com Inc (NASDAQ:SOHU); a leading the Chinese ADR, is trading down $9.43 to $53.62 a share. The company reported earning that were well below analyst expectations. Many investors are now thinking that other leading Chinese ADR's will report weaker than expected earnings going forward. SOHU stock will have intra-day support around the $52.75, and $48.90 levels.…Continue
Added by Bryan Leighton on February 6, 2012 at 10:20am — No Comments
Since April 2011, the important and highly followed Shanghai Index (China) has been under selling pressure. This leading Asian stock index has lead the U.S. and global stock markets for the past five years. At this time, the Shanghai Index remains very weak despite investors near term focus being placed on the European markets.
Baidu Inc (NASDAQ:BIDU) is the leading Chinese ADR in the stock market at this time. This stock looks to be trading in the middle of a…
Added by Bryan Leighton on December 6, 2011 at 10:57am — No Comments
Added by Bryan Leighton on September 29, 2011 at 10:58am — No Comments