Halter USX China Index Up 59.6% for Year To Date 2007
Posted on October 01, 2007 at 11:25 AM EDT
Adds Wonder Auto Technology, Inc. (NASDAQ: WATG), 3SBio, Inc. (NASDAQ:SSRX), Yucheng Technologies Limited (NASDAQ:YTEC), Simcere Pharmaceutical Group (NYSE: SCR), Acorn International, Inc. (NYSE:ATV), Man Sang Holdings, Inc. (AMEX:MHJ), Xinhua Finance Media Limited (NASDAQ:XFML), Fushi International, Inc (NASDAQ:FSIN)
For the year to date 2007, the Halter USX China Index (Amex: ^HXC) was up 59.6%. During the same period, the Dow Jones Industrial Average increased 11.5% and the Nasdaq was up 11.8%.
HXC is also pleased to announce the inclusion of eight new constituents to its existing index of China-focused, U.S. listed companies including: Wonder Automotive Technology, Inc. (NASDAQ:WATG) which designs, develops, manufactures and sells automotive electrical parts and suspension products; 3SBio, Inc. (NASDAQ:SSRX) that is a biotechnology company, focused on the research, development, manufacturing, and marketing of biopharmaceutical products for nephrology, oncology, supportive cancer care, inflammation, and infectious diseases; Yucheng Technologies Limited (NASDAQ:YTEC) which provides intellectual technology solutions and services to the banking industry in China; Simcere Pharmaceutical Group (NYSE: SCR) that engages in the manufacturing and supply of pharmaceuticals; Acorn International, Inc. (NYSE:ATV) an integrated multi-platform marketing company focused on a TV direct sales platform and nationwide distribution throughout China; Man Sang Holdings, Inc. (AMEX:MHJ) which purchases, processes, assembles, merchandises, and distributes pearls and other jewelry products; Xinhua Finance Media Limited (NASDAQ:XFML) a diversified financial and entertainment media company, targeting high net worth individuals in China; and Fushi International, Inc (NASDAQ:FSIN) that manufactures and sells bimetallic composite wire products, principally copper clad aluminum wires and copper clad steel wires.
It was also announced that Telestone Technologies Corp (NASDAQ:TSTC) was removed from the Index.
About the Halter USX China Index
The Index, created by the Halter Financial Group and calculated and distributed by the Amex, is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets. While there is strong demand for Chinese equity, U.S. investors still seek and prefer the transparency offered with a U.S. listing. For a company to be included in the Halter USX China Index it must conduct a majority of its business in China, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, Amex or NASDAQ and be approved by USX Selection Committee. Investors can gain exposure to the Index by either investing in an exchange traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (AMEX:PGJ) or by purchasing an actively managed mutual fund, the Halter Pope USX China Fund (Symbol: HPCHX). For more information please visit www.usxchinaindex.com. The following 78 public companies currently comprise the Halter USX China Index:
The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward- looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
Michelle Titus, 1-972-233-0300
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