Chinese energy companies from Yanzhou Coal Mining Co. (YZC) to PetroChina Co. fell in New York after rallying in Hong Kong, as slumping oil prices outweighed the Federal Reserve’s decision to maintain monetary stimulus.
The Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. closed little changed at 104.08 yesterday after sliding as much as 0.7 percent. American depositary receipts of PetroChina dropped, widening the discount versus its Hong Kong shares to the most in four weeks. Yanzhou slumped 2.6 percent after rising 2.5 percent in Hong Kong. Web clothing retailer Vipshop Holdings Ltd. (VIPS) rose for a fourth day and E-House China Holdings Ltd. (EJ) jumped to a two-year high.
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Belinda Cao, Bloomberg via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/1TKPxMzET40/
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