Chinese US-listed Stocks, ADRs Fall Again
China's stocks listed in the United States stock markets and ADR continue to lower Wednesday follow the US stock markets' tumble.
The Telecom segment continued to decline: China Mobile fell 0.79 percent to reach 80.21 US dollars, China Netcom fell 4.42 percent to reach 54.88 US dollars, China Unicom fell 5.21 percent to reach 20.55 US dollars, China Telecom fell 3.66 percent to reach 64.71 US dollars.
Crude oil futures closed at record high Wednesday to reach 110.87 US dollars a barrel.
Oil and petrochemical shares are weak: the government's own oil company, China National Offshore Oil Corp (CNOOC), fell 3.88 percent to reach 152.78 US dollars; Shanghai Petrochemical fell 5.89 percent to reach 34.68 US dollars; PetroChina fell 4.43 percent to reach 130.90 US dollars ; Sinopec fell 5.82 percent to reach 87.59 US dollars.
Airline stocks fell might dragged by the rising oil prices: China Eastern Airlines fell 7.23 percent to reach 44.50 US dollars; China Southern Airlines fell 5.53 percent to reach 36.51 US dollars.
Airline stocks fell relatively slight: Sina fell 0.56 percent to reach 37.41 US dollars; Netease fell 0.93 percent to reach 19.17 US dollars; Sohu fell 0.3 percent to reach 49.47 US dollars; Baidu fell 2.41 percent to reach 288.81 US dollars.
Energy shares also dropped: Yanzhou Coal Mining fell 4.22 percent to reach 73.23 US dollars; Huaneng Power International fell 3.24 percent to reach 27.78 US dollars. China Aluminum fell 5.83 percent to reach 41.06 US dollars. Guangshen Railway fell 6.19 percent to reach 25.91 US dollars. China Life fell 4.02 percent to reach 55.58 US dollars.
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