Here is a snapshot of today's big movers from the Chinese ADR universe. Focus Media Holdings defies overall trend, the DJIA lost almost 200 points today already, helped by better than expected 2008 Q2 results and strong Q3 outlook. Focus Media Holding shares jump on Q3 outlook. The stock is trading up $2.76 or 10.51% today.

TOP Ten China ADR Up/Down			18-Aug	1:40pm
Name	Symbol	Price	Change	Change%
FOCUS MEDIA HOLDI	FMCN	$29.01	$2.76	10.51%
CHINA MOBILE LIMI	CHL	$59.98	$0.56	0.94%
SOLARFUN POWER	SOLF	$15.71	$0.54	3.56%
AIRMEDIA GROUP IN	AMCN	$11.60	$0.37	3.29%
XINHUA FINANCE ME	XFML	$2.64	$0.18	7.32%
AMERICAN ORIENTL	AOB	$8.68	$0.11	1.23%
SHANDA INTERACTIV	SNDA	$26.89	$0.08	0.30%
HSBC HLDGS PLC AD	HBC	$79.98	$0.04	0.05%
CHINA SUNERGY CO.	CSUN	$9.09	$0.04	0.44%
LINKTONE LTD.	LTON	$1.52	$0.02	1.34%
SUNTECH POWER HLD	STP	$36.35	-$1.03	-2.76%
HOME INNS & HOTEL	HMIN	$17.03	-$1.05	-5.81%
TRINA SOLAR LTD A	TSL	$29.59	-$1.39	-4.49%
CHINA LIFE INS CO	LFC	$51.43	-$1.44	-2.72%
SINA CORPORATION	SINA	$38.39	-$1.47	-3.69%
LDK SOLAR CO ADR	LDK	$41.28	-$1.52	-3.55%
CTRIP.COM INTL LT	CTRP	$51.31	-$1.98	-3.71%
PETROCHINA CO ADS	PTR	$124.08	-$2.21	-1.75%
CHINA PETRO & CHE	SNP	$96.62	-$3.76	-3.75%
BAIDU.COM	BIDU	$306.99	-$14.02	-4.37%

The big jump is remarkable for two reasons: for one FMCN's big jump takes place despite very negative market sentiment. For two, the big jump reassures investors that earnings are key for Chinese ADRs, too. NetEase (NTES), another NASDAQ listed small cap Chinese ADR reported better then expected results just last week, propelling the stock up just around 10%, too. See related chart here. The good news is that even small cap Chinese ADRs follow earnings and fundamentals versus just pure stock market momentum.

The loser of the day is China's premium search engine company, Baidu.com (BIDU). The company reported strong 2008 Q2 followed by a significant stock price appreciation but failed to gain traction and is back to where it was before the big news. Click here for related chart.

Chinese oil companies with significant oil refining activity are hurt today thanks to strenghtening oil prices. Sinopec (SNP), Asia's largest refiner, lost $3.76 or 3.75 percent followed closely by Petrochina (PTR) sheding $2.21 or 1.75% to trade at $124.08.

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