April 14, 2010 (Chinavestor) Chinese stock investors remain upbeat thanks to strong U.S. earnings and FED Chairman Bernanke's remarks about economic recovery. The Chinese ADR rally is universal, large and small cap stocks have risen just about 0.6% by noon on Wednesday.
Stocks extending their strong rally from yesterday include Xinhua Sports & Entertainment (NAADAQ:XSEL), eLong Inc. (NASDAQ:LONG) and a mid cap Chinese medical equipment maker, Mindray Medical (NYSE:MR). China Eastern Airlines (NYSE:CEA) fell after a similar dive in Hong Kong earlier today while City Telecom (NASDAQ:CTEL) have fallen for five days in a row.
Small cap China plays jumped the most measured in percentage change. Spreadtrum Communications (NASDAQ:SPRD) took the lead with a 8.65% jump today. The surge of China Yuchai International Limited (NYSE:CYD) is accompanied by heavy volume, a very positive sign. But it's been Baidu.com (NASDAQ:BIDU) that rose the most in dollar terms thanks to a $11.54 advance by noon on Wednesday. Stocks with over a dollar price increase include CNOOC Ltd. (NYSE:CEO) and Ctrip.com (NASDAQ:CTRP).