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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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China ADR Wrap June 28, 2010

China ADR Wrap June 28, 2010

June 28, 2010 (Chinavestor) The DJIA closed Monday at a moderate loss with no direction and light trade. Chinese shares were mixed in Asia earlier today with Hong Kong registering a small advance while Shanghai fell.

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China ADR Wrap June 25, 2010

China ADR Wrap June 25, 2010

June 25, 2010 (Chinavestor) – Stocks calmed down a bit on Friday, at least in the U.S., as the Dow Jones Industrial lost less than 10 points, but the Hang Seng and Shanghai Composite both managed higher percentage losses, tumbling 0.2% and 0.5% respectively. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) both added more than 1% while the Claymore/AlphaShares China Small-Cap ETF was also up on the day, although not by much.

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China ADR Wrap June 23, 2010

China ADR Wrap June 23, 2010
June 23, 2010 (Chinavestor) – With the Federal Reserve taking a more cautious stance on the U.S. economic recovery, stocks endured another lethargic with the Dow Jones Industrial Average managing a small gain, but the S&P 500 and Nasdaq booked small losses. The Shanghai Composite fell 0.7% after China said it would scuttle export tax rebates aimed at helping materials makers. Overall, Wednesday was a decent day for China-specific ETFs as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) both booked small gains. Small-caps firmed up a bit as well as the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) rose nearly 1%.

Among large-caps, oil names saw some modestly positive trade with both Cnooc (NYSE:CEO), China's largest offshore driller, and PetroChina (NYSE:PTR), China's largest oil company, both finishing the day higher. Telecom names showed some strength as well with both China Mobile (NYSE:CHL) and China Unicom (NYSE:CHU) booking gains of over 1%.

Internet giant Baidu (Nasdaq:BIDU) finished the day in the green, but Longtop Financial (NYSE:LFT) could not follow through on yesterday's gain, tumbling more than 1% today. WuXi PharmaTech (NYSE:WX) did follow through on Tuesday's gains, adding almost 2.5% on Wednesday, but volume was just about a third of the daily average.

The online gaming sector was again a mixed bag with Shanda Interactive (Nasdaq:SNDA) tumbling half a percent, but Netease.com (Nasdaq:NTES) gained almost 1% and Shanda Games (Nasdaq:GAME) popped more than 4%. On the other hand Perfect World (Nasdaq:PWRD) plunged almost 5.5% on volume that was more than 50% above the daily average.

Solar was another mixed bag with JA Solar (Nasdaq:JASO) and Trina Solar (NYSE:TSL) booking small gains, but LDK Solar (NYSE:LDK) saw a small loss.

With small-caps, we saw some interesting trade among the usual names with China Nepstar Chain Drugstore (NYSE:NPD) popping more than 5% after Tuesday's 6% loss. Volume in the name was more than 50% higher than the daily average today. Real estate names saw mixed results with China Housing & Land Development (Nasdaq:CHLN) rebounding from Tuesday's decline to gain 4.44% today, but Xinyuan Real Estate (NYSE:XIN) lost 1%. Breaking the tie was the Claymore/AlphaShares China Estate ETF (NYSE:TAO), which gained almost 1%.

Some of yesterday's biotech winners became biotech losers today with Tiens Biotech (NYSE:TBV) and Sinovac Biotech (NYSE:SVA) losing 2.2% and 1.6%, respectively. Agriculture name Agria (NYSE:GRO) built on yesterday's gains by adding another 2.6% today, but American Dairy (NYSE:ADY) tumbled 2.3%, showing no follow through on Tuesday's bullish trade.

A-Power Energy Generation Systems (Nasdaq:APWR) and China Fire & Security (Nasdaq:CFSG) continued to see some bearish trade as both names finished lower on Wednesday. China GrenTech (Nasdaq:GRRF) was another named that followed through on the downside, dropping more than 3% after yesterday's loss of 5.6%. CDC Corp. (Nasdaq:CHINA) did rebound today, gaining almost 4.4% on decent volume.

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