What a week we had! Last Thursday house rejected the bill, sending the DJIA to dive 777.68 points, a record. Friday was a bounce back just to see where we're going. But on the dark side WaMu ceased to exist, JP Morgan & Chase bought it at a shotgun marriage. Then we wake up on Monday to see Wachovia to go under - Wells Fargo bailed out in the last minute and Citicorp bought it with some assistance from the FEDs. At this time we were all worried that unless the House passes the bill soon, who may be next? Senate came to the rescue by voting on the bill before the House - some sweeteners involved and more importantly more pressure on the House. Representatives finally yielded under pressure and heavy lobbying today. The funny thing is the development of the DJIA. It was up 280 points BEFORE the vote and as soon as the YEA was ensured it started to crumble and ended losing 157.47 points. That's a 437 points intraday swing! So you may wonder how did Chinese ADRs handle the day? Here are top 10 and bottom 10 of them. Top 10 - Bottom 10 - China ADR 3-Oct-08 4:00pm Name Symbol Price Change Change% SOHU.COM INC SOHU $55.04 $2.49 4.74% SUNTECH POWER HLD STP $32.85 $2.31 7.56% CHINA NETCOM GRP CN $43.10 $1.93 4.69% HSBC HLDGS PLC AD HBC $81.25 $1.23 1.54% SHANDA INTERACTIV SNDA $25.65 $1.05 4.27% CTRIP.COM INTL LT CTRP $37.00 $0.80 2.21% CHINA LIFE INS CO LFC $55.94 $0.72 1.30% CHINA EASTERN AIR CEA $17.86 $0.49 2.82% SINOPEC SHANGHAI SHI $23.40 $0.47 2.05% 51JOB JOBS $9.60 $0.39 4.23%
CHINA PETRO & CHE SNP $76.50 -$0.60 -0.78% TRINA SOLAR LTD A TSL $20.82 -$0.64 -2.98% CHINA MOBILE LIMI CHL $48.38 -$0.66 -1.35% HOME INNS & HOTEL HMIN $12.52 -$0.69 -5.22% LDK SOLAR CO ADR LDK $28.17 -$1.14 -3.89% FOCUS MEDIA HOLDI FMCN $23.52 -$1.44 -5.77% CNOOC LTD ADS CEO $104.06 -$1.49 -1.41% PETROCHINA CO ADS PTR $96.90 -$1.74 -1.76% THE9 LIMITED NCTY $16.06 -$1.75 -9.80% BAIDU.COM BIDU $222.37 -$11.15 -4.77%