January 29, 2014 (Chinavestor) The Dow Jones Industrial Average (INDEXDJX:.DJI) lost 189.77 or 1.19% points on Wednesday, setting a stage for a free fall for Chinese stocks. The result: the China ADR Index, calculated by Chinavestor, fell 14.58 points or 1.46% today. NASDAQ listed Chinese stocks took the brunt of the beating. The China NASDAQ Index fell as much as 3.18%. Such a sharp decline is attributed to the following stocks: Baidu Inc. (NASDAQ:BIDU), Sina Corp. (NASDAQ:SINA), 51job Inc. (NASDAQ:JOBS), and Ctrip.com Int. (NASDAQ:CTRP), among others.
When it comes to NYSE listed Chinese stocks, China's oil triumvirate led the decline. CNOOC Ltd. (NYSE:CEO), Petrochina (NYSE:PTR) and Sinopec (NYSE:SNP) fell $3.08, $2.43, and $1.72, respectively. Smaller Youku Tudou (NYSE:YOKU) shed $1.68.