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China ADR Wrap June 7, 2010

China ADR Wrap June 7, 2010

June 7, 2010 (Chinavestor) As the sell-off accelerated in the final hour of trading, so did Chinese ADRs loose ground. Small caps took the brunt of the beating; the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) tumbled 2.2% while the iShares FTSE/Xinhua 25 Index ETF (NYSE:FXI), a proxy for large cap Chinese companies, fell half of that. Most of the support came from two stocks though: index heavy weight China Mobile (NYSE:CHL) and China Eastern Airlines (NYSE:CEA) ended the day higher salvaging large cap heavy indices.

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China Stock Earnings Calendar June 7-11

China Stock Earnings Calendar June 7-11

June 11, 2010 (Chinavestor) The following Chinese companies are scheduled to report financial results for the first quarter ended March 31, 2010 starting June 7.

The week is extremely light, only China-Biotics Inc. (NASDAQ:CHBT) is scheduled to report.

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China ADR Wrap June 4, 2010

China ADR Wrap June 4, 2010

June 4, 2010 (Chinavestor) Weak jobs data and worries about Europe send the DJIA down 3.2% on Friday. Chinese indices in Asia were virtually unchanged earlier on Friday. Jobs data suggested most jobs created in May were a result of temporary hiring while the private sector added the least jobs in 2010 during the month. Hungary is nearing a default on debt, analysts argue. While the country is not part of the euro zone, the market is very sensitive to any additional risk. The euro fell under 1.2 rate vs. the greenback, another 4 year low.

Chinese ADRs followed U.S. market lower. Stocks that fell outnumbered those that advanced eight to one. Small cap China Finance Online (NASDAQ:JRJC) and China Medical Technologies (NASDAQ:CMED) reported results for the first three months of 2010 as follows: both companies returned to profitability sending their shares higher on Friday. Mindray Medical (NYSE:MR), another Chinese medical equipment maker, rose on the back of strong CMED results.

Energy stock fell as the dollar gained against the euro; CNOOC Ltd. (NYSE:CEO) tumbled $6.68 followed closely by Petrochina (NYSE:PTR), China's largest oil producer. Sinopec (NYSE:SNP), the largest refiner in Asia, fell $1.97.

Baidu.com (NASDAQ:BIDU), the largest Chinese stock listed on the NASDAQ, trailed indices lower on Friday. Other Internet stocks followed suit; Sina Corp. (NASDAQ:SINA), Sohu.com (NASDAQ:SOHU) and Ctrip.com (NASDAQ:CTRP) fell hard in a broad sell-off.

The sell-off of Chinese ADRs was universal, both large and small cap proxies fell just about the same. The iShares FTSE/Xinhua 25 Index (NYSE:FXI), tracking the index of the largest 25 Chinese stocks, fell 2.4% while the Claymore AlphaShares Small Cap China ETF (NYSE:HAO) lost 2.3%.

China Medical (NASDAQ:CMED) rose on valuation as investors snapped up shares of the company after 2010 Q1 earnings. The company returned to profitability while its shares fell from $25 to just $10 in the last 52 weeks. Mindray Medical (NYSE:MR) rose on CMED news.

China Technology Development Group (NASDAQ:CTDC) advanced 3.31% as China's thin layered solar maker benefited from strong earnings from the rest of the sector earlier the week.

Small cap China stocks fell the most in percentage terms. Harbin Electric (NASDAQ:HRBN) fell over 10% as overcapacity problems squeeze profits of power producers. Shanda Games (NASDAQ:GAME) erased most of the gains it recorded the day before. Shanda reported 2010 Q1 on Thursday starting a sound rally - but the stock succumbed to pressure on Friday. China TechFaith Wireless (NASDAQ:CNTF) succumbed to profit taking as well, shares of the company jumped 20% last month on strong earnings.

China ADR Wrap June 3, 2010

China ADR Wrap June 3, 2010

June 3, 2010 (Chinavestor) The DJIA made a V-shaped recovery on Thursday lifting smaller cap Chinese stocks the most. The Claymore/AlphaShares China Small Cap ETF (NYSE:HAO), tracking small cap China shares advanced +0.1%, in-line with the DJIA, while the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) fell -0.6%.

Financials weighted down the large cap proxy but industry leader Huaneng Power (NYSE:HNP), Home Inns & Hotels Management (NASDAQ:HMIN), Ctrip.com (NASDAQ:CTRP) and China Life Insurance (NYSE:LFC) all retreated. Yanzhou Coal (NYSE:YZC), the third largest Chinese coal miner, felt a pinch, too. But selected NASDAQ listed China blue chips advanced; Sohu.com (NASDAQ:SOHU), NetEase.com (NASDAQ:NTES), Baidu.com (NASDAQ:BIDU) rose just as did oil companies, Sinopec (NYSE:SNP) and Petrochina (NYSE:PTR).

Solarfun Power Holdings (NASDAQ:SOLF) rose the most in percentage points and China Finance Online (NASDAQ:JRJC) advanced 6% before earnings release after the close. But WSP Holdings (NYSE:WH) fell hard, just as was predicted in the overbought/oversold report this morning.

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China ADR Wrap June 1, 2010

China ADR Wrap June 1, 2010

June 1, 2010 (Chinavestor) The sell-off in Asia continued over to Europe and America on Tuesday as investors feared Europe's ills might cause a double dip recession. The DJIA fell 110 points in the last thirty minutes of trading highlighting that uncertainty that surrounds equity markets world wide.

Chinese stocks were mixed; oversold small cap China plays bounced back and some momentum driven NASDAQ names were able to extend gains.

Shanda Interactive (NASDAQ:SNDA) advanced $.95 or 2.32% ahead of releasing earnings after the close. For more upcoming earnings of the week, read China stock earnings calendar June 1-4.

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