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China ADR Wrap July 6, 2010

China ADR Wrap July 6, 2010
July 6, 2010 (Chinavestor) – After enduring a rocky week last week, stocks got a boost today as buyers did some bargain hunting. That helped lift the Dow Jones Industrial Average to gain of 57 points, ending a seven-day losing streak in the process. Chinese stocks were strong performers with the Hang Seng gaining 1.2% and the Shanghai Composite surging almost 2%. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) gained just 0.13%, but the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) soared almost 2%. Small-caps finally had a day in the sun as well with the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) adding almost 1%.

Chinese large caps were strong on Tuesday, even telecom names got a boost with China Unicom (NYSE:CHU) adding more than 1% and China Mobile (NYSE:CHL) posting a small gain of its own. Yanzhou Coal (NYSE:YZC) was a stellar performer on Tuesday, surging more than 5% on stronger-than-average volume. Other large-cap commodities names looked good as well with Cnooc (NYSE:CEO) gaining almost 1% and PetroChina (NYSE:PTR) added 1.62%.

China Life Insurance (NYSE:LFC) booked a small gain as well while solar stocks were mixed on the day. Trina Solar (NYSE:TSL) rose slightly and JA Solar (Nasdaq:JASO) jumped 5.3%. On the other hand we saw a loss of 6.31% in LDK Solar (NYSE:LDK) and Yingli Green Energy (NYSE:YGE) dropped 1.53%.

Internet names once again showed weakness with Baidu (Nasdaq:BIDU) suffering a small loss, but Ctrip.com (Nasdaq:CTRP) plunged almost 14% on news that several Chinese airlines would commissions to the online travel reservations firm. Deutsche Bank downgraded Ctrip.com (Nasdaq:CTRP) and the shares have now tumbled more than 42% since June 27th.

Among small-caps, GigaMedia (Nasdaq:GIGM) was last week's top small-cap gainer, but some of those gains evaporated today with a loss of almost 6.5%. CDC Corp. (Nasdaq:CHINA) added to last week's losses with a drop of almost 2%. Origin Agritech (Nasdaq:SEED) continues to attract bears with a down move of 1.44% on Tuesday, but Agria (NYSE:GRO) did rebound 3.43%. China Green Agriculture (NYSE:CGA) was another small bright small among agriculture names, gaining almost half a percent. Jewelry retailer Fuqi International (Nasdaq:FUQI) continues to be a favorite target of the bears, losing another 3.17% today, adding to last week's loss of more than 22%.

American Dairy (NYSE:ADY) lost almost almost 5% on strong volume and Synutra International (Nasdaq:SYUT) dipped by 3.43%. China Sunergy (Nasdaq:CSUN) and China Integrated Energy (Nasdaq:CBEH) both lost close to 2%.

Sutor Technology (Nasdaq:SUTR) added more than 2% after plunging by almost 19% last week. AirMedia Group (Nasdaq:AMCN) was another small-cap name that extended last week's declines by shedding almost 4% today. Other usual suspects among small-cap losers included China Fire & Security (Nasdaq:CFSG) and The9 Ltd. (Nasdaq:NCTY), both of which lost more than 2%.

 
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China ADR Wrap July 2, 2010

China ADR Wrap July 2, 2010

July 2, 2010 (Chinavestor) – As expected, Friday's non-farm payroll number didn't provide the jolt the bulls needed to really enjoy the holiday weekend as the Dow Jones Industrial Average extended its losing streak, dropping another 46 points. The Shanghai Composite Index (SHA:000001) saw some relief, adding 0.4%, but the Hang Seng lost 1.1%. The three China-specific ETFs we track were all down on the day. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) slid 0.63%, the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) lost almost 1% and the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) lost almost 0.6%.

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China ADR Wrap July 1, 2010

China ADR Wrap July 1, 2010

July 1, 2010 (Chinavestor) – Stocks extended their slide today with the Dow Jones Industrial Average dropping another 0.4% while the Shanghai Composite Index (SHA:000001) plunge 1%. Fortunately for the Hang Seng, the exchange was closed today. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ), the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) and the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) all booked small gains on the day.

Solar stocks were prized by traders on Tuesday, with Trina Solar (NYSE:TSL) leading the large-cap winners with a gain of 6.6%. JA Solar (Nasdaq:JASO) was strong as well, gaining more than 5%. Yingli Green Energy (NYSE:YGE) jumped almost 4% and LDK Solar (NYSE:LDK) and Suntech Power (NYSE:STP) were both up more than 3%.

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China ADR Wrap June 30, 2010

China ADR Wrap June 30, 2010
June 30, 2010 (Chinavestor) – Stocks continued their bearish ways on Wednesday after Tuesday's big losses, with the Dow Jones Industrial Average losing another 96 points, or 1%, to settle at 9,774. The Hang Seng lost another 120 points, or 0.6%, to close at 20,128 and the Shanghai Composite continued its bearish ways, losing 1.2% to finish at 2,398. Wednesday was mixed bag for Chinese ETFs with the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) was up fractionally, but the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) and the Claymore/AlphaShares China 25 Index (NYSE:HAO) both finished the day lower.
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China ADR Wrap June 29, 2010

China ADR Wrap June 29, 2010

June 29, 2010 (Chinavestor) – The signs were all there that Tuesday could be a very bleak day for global equity markets as the Hang Seng took a mighty tumble overnight, falling almost 478 points, or 2.3% to settle at 20,248.90. Things were worse for the Shanghai Composite (SHA:000001), which fell 4.3% to a new 14-month low. U.S. stocks took their cues from the dour performances in Asia with all three major U.S. indexes losing about 3% each.

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