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China ADR Wrap June 18, 2010

China ADR Wrap June 18, 2010

June 18, 2010 (Chinavestor) – It was another sluggish day for U.S. stocks with Dow Jones Industrial Average mustering a meager gain of just 16 points, or 0.2%. Chinese stocks didn't fare much better as the Shanghai Composite Index (SHA:000001) tumbled almost 2% in the last trading day of the week. Trade was tepid in Hong Kong with the Hang Seng Index (INDEXHANGSENG:.HSI) gaining just 0.7%.

Among large-caps, City Telecom (Nasdaq:CTEL) wrapped up an impressive week of gains by gaining almost 6% on Friday. City Telecom (Nasdaq:CTEL) gained more than 19% this week. Syntura International (Nasdaq:SYUT) was all over the map this week, but heads into the weekend with a gain of more than 5% on Friday. Transportation names showed some strength with China Southern Airlines (NYSE:ZNH) gaining 3.52% and Guangshen Railway (NYSE:GSH) adding almost 2%.

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China ADR Wrap June 17, 2010

China ADR Wrap June 17, 2010

June 17, 2010 (Chinavestor) – It was another day of tepid gains for U.S. stocks and their Chinese counterparts did not follow suit as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25% Index (NYSE:FXI) both fell more than 1% each. Small-caps offered little refuge with the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) retreating after booking decent gains over the past few days.

Among large-caps, solar stocks once again caught a bid with JA Solar (Nasdaq:JASO), LDK Solar (NYSE:LDK) and Suntech Power (NYSE:STP) all advancing on the day. A curious winner was 51job Inc. (Nasdaq:JOBS), a provider of employment services, which advanced more than 7% today on more than quadruple the average daily volume, but there was no news to drive the robust gain and volume.

Commodities names were a mixed bag with Silvercorp Metals (NYSE:SVM) continuing to look bullish, gaining almost 1.3%. Yanzhou Coal (NYSE:YZC) and Aluminum Corp. of China (NYSE:ACH) did not follow suit, losing 2.2% and 3.3%, respectively. The gaming sector remains a tricky one to navigate as Shanda Games (Nasdaq:GAME) tumbled more than 3% and Internet giant Baidu (Nasdaq:BIDU) also shed about 3%.

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People's Bank Of China Among Losers In BP Shares

People's Bank Of China Among Losers In BP Shares

 

June 17, 2010 (Chinavestor) BP's (NYSE:BP) dramatic share decline since the April 20 explosion of the Deepwater Horizon rig has cost the governments of China, Kuwait, Norway and Singapore a combined $5 billion. BP (NYSE:BP) shares have lost almost 40% since the biggest oil spill in U.S. history started in late April.
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China ADR Wrap June 16, 2010

China ADR Wrap June 16, 2010
June 16, 2010 (Chinavestor) – It was a slow day for U.S. and Chinese stocks alike as the major U.S. indexes were hampered by weak volume and holidays in China and Hong Kong led to some lethargic trade in Chinese ADRs and ETFs. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) was flat on the day while the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) and the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) managed small gains of less than 0.5% each.

Among large-caps, oil and solar names failed to follow through on yesterday's robust moves despite a move higher by crude futures today. Sinopec Shanghai Petrochemical (NYSE:SHI) shed 0.80% while Suntech Power (NYSE:STP) lost almost 2% and Yingli Green Energy (NYSE:YGE) lost 2.5%. There was more weakness in the commodities complex as Aluminum Corp. of China (NYSE:ACH) also lost more than 1%.

Real estate names saw some selling pressure after Nomura Securities said last night it expects China's property bubble to burst “quickly.” China Real Estate Information (Nasdaq:CRIC) and Home Inns & Hotels Management (Nasdaq:HMIN) were both down more than 1% on the day.

Among gainers, Silvercorp Metals (NYSE:SVM) shrugged off a negative trend in the commodities space to add almost 5%. Telecom names also showed some strength again with China Unicom (NYSE:CHU) adding almost 1.4% and City Telecom (Nasdaq:CTEL) building on Tuesday's gains by jumping another 4% today. Tech names turned in another bullish performance with AsiaInfo Holdings (Nasdaq:ASIA), Focus Media Holdings (Nasdaq:FMCN), Ctrip.com (Nasdaq:CTRP) and VanceInfo Technologies (NYSE:VIT) all booking small gains on the day.

Speaking of winners, 3SBio (Nasdaq:SSRX) surged 10.5%,with almost all of those gains coming in the last two hours of trading. Volume in the name was more than triple the daily average, but there was no news to prompt the bullish move. Oil services firm WSP Holdings (NYSE:WH) bounced after some recent selling to advance 6.3% while Fuqi International (Nasdaq:FUQI), the jewelry maker, also gained more than 6%.

The bullish move in tech stocks permeated the small-cap space with China TechFaith Wireless (Nasdaq:CNTF), China Information Security Technology (Nasdaq:CPBY) and Sutor Technology (Nasdaq:SUTR) all finishing higher on Wednesday.

Small-cap real estate issues took a cue from their large-cap counterparts with China Housing and Land Development (Nasdaq:CHLN) tumbling 6.25% and Xinyuan Real Estate (NYSE:XIN) losing almost 3%.

Gaming stocks continue to see selling pressure with Shanda Interactive (Nasdaq:SNDA) losing more than 1% and The9 Limited (Nasdaq:NCTY) losing more than 4%. Qiao Xing Universal Resources (Nasaq:XING) fellow in unison with most commodities names, declining by more than 4%. Nano calcium carbonate producer Shengdatech (Nasdaq:SDTH) dropped 4% on stronger-than-average volume. China Precision Steel (Nasdaq:CPSL) joined in the commodities-related declines, losing 3%.

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China ADR Wrap June 15, 2010

China ADR Wrap June 15, 2010

June 15, 2010 (Chinavestor) – The bulls were back in force today as the Dow Jones Industrial Average (INDEXDJX:.DJI) gained 2.1% with all 30 of the index's constituents moving higher on the day and the S&P 500 finally moved above the all-important 200-day moving average. That fueled some bullish trade in Chinese ADRs and ETFs with the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) gaining 2.7%. Not to be outdone was the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO), which soared 2.5%. Chinese large-caps enjoyed the rally as well with the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) adding 2.3%.


A 2.4% jump in crude oil to $76.94 a barrel, which took crude above a pivotal resistance point, fueled a rally in solar stocks with JA Solar Holdings (Nasdaq:JASO) gaining more than 9% and Trina Solar (NYSE:TSL) gaining 6.3%. LDK Solar (NYSE:LDK) tacked on 5.7% and Yingli Green Energy (NYSE:YGE) added almost 5.4%. Of course, the rally in oil benefited pure-play oil names with Cnooc (NYSE:CEO), China's largest offshore driller, adding $10.07, or 6%, to settle at $176.07.

Chinese tech names were also home to some strength on Tuesday as AsiaInfo Holdings (Nasdaq:ASIA) added 6% and Ctrip.com (Nasdaq:CTRP) surged almost 8%, traversing its April high of $42.30. Telecom names were also worth trading City Telecom (Nasdaq:CTEL) gaining 5% and China Telecom (NYSE:CHA) nearly adding almost the same amount.

Large-cap losers were hard to come by. Syntura International (Nasdaq:SYUT) was overbought heading into the day and declined by more than 1%. Shanda Interactive Entertainment (Nasdaq:SNDA) continues to struggle to find momentum and retreated by almost 1% on the day.

As we noted earlier, small-caps were strong and that strength was almost as evident with the losers as it was the winners. The biggest small-cap loser on the day was China Architectural Engineering (Nasdaq:CAEI) was down less than 4% and ChinaCast Education (Nasdaq:CAST) lost a mere 3.7%. Other losers included a host of usual suspects, including ATA Inc. (Nasdaq:ATAI), which lost almost 3%, Tiens Biotech (AMEX:TBV), which slid 2.22%, and WSP Holdings (NYSE:WH). WSP didn't participate in the oil rally, sliding half a percent on the day.

RINO International (Nasdaq:RINO) got a big boost, surging more than 10%. China Housing and Land Development (Nasdaq:CHLN) shrugged off some less-than-encouraging news for the real estate sector, gaining 9.7% on the day. China Green Agriculture (NYSE:CGA) added 8.33% on volume that was about 75% above the daily average after reaffirming 2010 guidance. China Infrastructure Investment (Nasdaq:CIIC) added 8% on no news and lethargic volume.

A-Power Energy Generation Systems (Nasdaq:APWR) gained 8% on volume that was nearly 50% higher than the daily average. China Sunergy (Nasdaq:CSUN) participated in the solar rally, adding 6.44% on strong volume.

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