Chinese Stocks Slump on Weak Manufacturing Data and Potential Trade Disputes Between Japan
Five Star Equities Provides Stock Research on Qihoo 360 and Youku Tudou
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/24/12 -- Chinese stocks slumped last Thursday after week economic data sent the Shanghai Composite Index to its lowest level in nearly four years. The Shanghai Index fell to its lowest level since February 2009 after the HSBC Flash China manufacturing purchasing managers' index signaled a 11th month of contraction in September. Five Star Equities examines the outlook for Chinese Internet stocks and provides equity research on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) and Youku Tudou Inc. (NYSE: YOKU).
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China's gross domestic product has contracted for six consecutive quarters. The country's GDP in the second quarter expanded 7.6 percent, which was the smallest growth in three years. Tensions between China and Japan, the second and third largest economies in the world, over disputed islands could pose a major threat for their bilateral trade market, which has grown to over $340 billion in the last decade.
"There's concern the islands incident may escalate and exports may be impacted," Jianghai Securities Co. analyst, Xu Shengjun, said by phone Bloomberg reported. "The economic data don't look good. The stock market won't improve in the near term with these concerns."
Five Star Equities releases regular market updates on Chinese Internet stocks so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Qihoo 360 Technology is a leading Internet company in China. The Company is also the number one provider of Internet and mobile security products in China as measured by its user base, according to iResearch. The company entered the online search engine market on August 16.
Youku is China's leading Internet television company. Their internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Apple announced that the next versions of Apple's OS X desktop operating system and iOS mobile operating system will integrate with services from Youku.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 24.09.2012 - 12:20 Uhr
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News-ID 185968
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