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China ETF summary March 16, noon

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buy-sell March 16, 2010 (Chinavestor) While Chinese indices traded sideways in Asia earlier the morning, the DJIA is in positive territory on Tuesday at noon. Let's take a look at the top ten holdings of three different Chinese related ETFs.

PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) is an ETF that is designed to follow U.S.listed companies that derive most of their revenues from China. The monitor below tracks the performance of the top ten holdings of the ETF.Sinopec (NYSE:SNP) is the best performing component of the group with a 1.0% advance so far today. Shares of the company advanced in Hong Kong and in Shanghai today foretelling a positive market day for the company on the NYSE today. Shares of China Life Insurance (NYSE:LFC) advanced +0.7& so far followed by China Mobile (NYSE:CHL) and Aluminum Corp. of China (NYSE:ACH).

iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI) is an index that tracks large cap Hong Kong listed China stocks. Some of the components are HKEx-NYSE cross-listed companies that U.S. investors can invest in at ease. Shares of Industrial And Commercial Bank of China (HKG:1398) pull and China Mobile (NYSE:CHL) pull the index higher though China Shenhua (HKG:1088), the largest Chinese coal miner, is under water as energy prices fell in Asia earlier today.

Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) is an ETF that tracks smaller cap Chinese companies. Based on the performance of the top ten holdings of the ETF, only three components are in the black while most are in the red. Suntech Power (NYSE:STP) is the best performing component with a +0.9% advance so far. Another U.S. listed component of the ETF, Sohu.com (NASDAQ:SOHU), gave up -2.0% by noon today.

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