Chinese Stocks Open Lower : Xinhua China 25 Index (FXI 100.04) is falling sharply

After staging ridiculous parabolic price spikes, many Chinese stocks which make up the Xinhua China 25, are falling as buying subsides in global stock names.

China Unicom (CHU 13.18), Huaneng Power (HNP 36.15), China Life Insurance (LFC 44.70) are three names we have recommended for shorting that continue to correct to the downside after experiencing extreme upside momentum.