USX China Index Rose 104% in 2003 - Beating DJIA, Nasdaq and Shanghai Composite Index by a Large Measure
07 Janeiro 2004 - 5:49PM
PR Newswire (US)
USX China Index Rose 104% in 2003 - Beating DJIA, Nasdaq and
Shanghai Composite Index by a Large Measure DALLAS, Jan. 7
/PRNewswire-FirstCall/ -- The USX China Index ("^USXC") finished
the year up 103.8%, rising 25.6% for the month of December. By
comparison, the Dow Jones Industrial Average posted a 25.3% gain
for 2003 and was up 6.9% in December, while the Nasdaq was up 50.0%
for the year and 2.2% in December. The Shanghai Composite Index,
which tracks stocks trading directly on the Shanghai exchange,
ended the year up 10.3%, showing a 7.1% gain in December. "The
significant gains for the past year in the USX China Index reflect
the heavy buying interest shown by investors toward Chinese-focused
public companies that have their securities traded on U.S.
regulated stock exchanges," said Tim Halter, Managing Director of
the USX China Index. "The past year's performance underscores two
important trends. In the U.S. markets, Chinese stocks are outpacing
U.S. companies and Chinese companies listed in the U.S. are
significantly outperforming their counterparts listed directly on
Chinese exchanges." The USX China Index was launched in October
2003 as the only index in the world devoted exclusively to
Chinese-focused public companies traded on U.S. stock exchanges.
The biggest gainer within the USX China Index during the month of
December was Sinopec Beijing Yanhua Petrochemical Co. Ltd.
(NYSE:BYH), posting an increase of 76.4%, while the biggest
decliner was Netease.com, Inc. (NASDAQ:NTES), which was down 20.9%
in the month of December. Looking at the year, the index's biggest
gainer was China Yuchai (NYSE:CYD), which was up 570% in 2003,
while the lowest performer was AsiaInfo Holdings, Inc.
(NASDAQ:ASIA), up 5% in 2003. It was also announced that two new
companies were added this week to the USX China Index: China Life
Insurance Co. Ltd. (NYSE:LFC) and Ctrip.com (NASDAQ:CTRP). With the
two new additions, there are now 34 companies represented in the
USX China Index. To be included in the USX China Index, companies
must meet the following criteria: -- The majority of their business
is conducted in China. -- Their common stock is traded on a major
U.S. exchange. -- Each company's market capitalization is more than
$50 million. -- The company is approved by the USX China Index
Selection Committee, which considers additional factors such as
float, liquidity and business fundamentals. The following 34 public
companies now comprise the USX China Index: Aluminum Corp. of China
Ltd. (NYSE:ACH) ASAT Holdings Ltd. (NASDAQ:ASTT) AsiaInfo Holdings,
Inc. (NASDAQ:ASIA) Beijing Yanhua Petrochemical Co. Ltd. (NYSE:BYH)
Brilliance China Automotive Holdings Ltd. (NYSE:CBA) China Eastern
Airlines Corporation Ltd. (NYSE:CEA) China Mobile Hong Kong Ltd.
(NYSE:CHL) China National Offshore Oil Corp. (NYSE:CEO) China
Petroleum and Chemical Corp (Sinopec) (NYSE:SNP) China Southern
Airlines Company Ltd. (NYSE:ZNH) China Telecom Corporation Ltd
(NYSE:CHA) China Unicom Ltd (NYSE:CHU) Ctrip.com (NASDAQ:CTRP)
China Yuchai International Ltd. (NYSE:CYD) Chinadotcom Corporation
(NASDAQ:CHINA) Chindex International, Inc. (NASDAQ:CHDX) Deswell
Industries Inc (NASDAQ:DSWL) Guangshen Railway Co Ltd (NYSE:GSH)
HuaNeng Power International, Inc. (NYSE:HNP) INTAC International
(NASDAQ:INTN) Jilin Chemical Industrial Co. Ltd. (NYSE:JCC) China
Life Insurance Co Ltd (NYSE:LFC) Nam Tai Electronics Inc (NYSE:NTE)
Netease.com, Inc. (NASDAQ:NTES) Peak Intl Ltd (NASDAQ:PEAK)
PetroChina Co. Ltd. (NYSE:PTR) Qiao Xing Universal Telephone, Inc.
(NASDAQ:XING) Radica Games Ltd (NASDAQ:RADA) Sina Corporation
(NASDAQ:SINA) Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE:SHI)
Sohu.com, Inc. (NASDAQ:SOHU) UTStarcom Inc (NASDAQ:UTSI) Yanzhou
Coal Mining Co. Ltd. (NYSE:YZC) Zindart Ltd (NASDAQ:ZNDT) For more
information on the USX China Index, go to
http://www.usxchinaindex.com/ . For further information, please
contact Bevo Beaven, VP, , or Carl Thompson, Principal, , both of
CTA Public Relations, +1-303-665-4200, for USX China Index.
DATASOURCE: USX China Index CONTACT: Bevo Beaven, VP, , or Carl
Thompson, Principal, , both of CTA Public Relations,
+1-303-665-4200, for USX China Index Web site:
http://www.usxchinaindex.com/
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