November 22, 2010 （Chinavestor） Chinese equity investors sold-off financials in Asia on Monday sending both key regional indices lower for the day. The Hang Seng Index （INDEXHANGSENG:.HSI） fell 81.7 points or 0.3% while the Shanghai Composite Index （SHA:000001） shed 4.2 points or 0.1%. Financials and real estate stock led the decline in Shanghai where investors continued to digest the effects of the increase of bank deposit ratio by 50 bps. But the decline was universal among large caps, stock that fell outnumbered those that advanced 10 to 1. Profit taking dominated in Hong Kong where investors took merit from Ireland's bailout yet kept an eye on the mainland for economic news.
Key ADRs with the biggest upside potential for Monday include China Petroleum & Chemical Corp. （NYSE:SNP）, Aluminum Corp. of China （NYSE:ACH）. China Life Insurance （NYSE:LFC） and China Mobile （NYSE:CHL）. But smaller mobile operator China Unicom （NYSE:CHU） and China Eastern Airlines （NYSE:CEA） have substantial downside risk.
Looking at components of the Hang Seng Index （INDEXHANGSENG:.HSI）, Ping An Insurance （HKG:2318） gave back 1.0% after last week's 3.5% advance. Another stock succumbing to profit taking after last week's sound performance was Weiqiao Textile （HKG:2698） that fell the most among components of the 42 member Hang Seng Index （INDEXHANGSENG:.HSI） on Monday. But index heavy weight China Mobile （HKG:0941） advanced 1.2% just like China Life Insurance （HKG:2628）, another NYSE cross listed blue chip. Resource and energy stocks rose on the stronger Euro as Ireland's bail out played out. Aluminum Corp. of China （HKG:2600） advanced 1.3% in Hong Kong while China Petroleum & Chemical Corp. （HKG:0386） rose 1.4%.
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