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China stock market summary March 16, 2010

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percent March 16, 2010 (Chinavestor) Looking at U.S .slited Chinese stocks for the day, Melco Crown Entertainment (NASDAQ:MPEL) resumed the surge after a four day losing streak from last week. Oversold American Dairy (NYSE:ADY) advanced 7.37% followed by volatile Yucheng Technologies (NASDAQ:YTEC) and Noah Education (NYSE:NED). Chinese ADRs on in the red included HQ Sustainable Maritime (AMEX:HQS), a stock that fell -10.5% after disappointing quarterly results.  Ata Inc. (NASDAQ:ATAI) and China Fire & Security Group (NASDAQ:CFSG) fell on weak earnings as well. General Steel (NYSE:GSI) and ChinaTech Faith Wireless (NASDAQ:CNTF) experienced a sell-off as earnings came out below expectations.

Large cap Chinese ETF were much less volatile, as expected. Sinopec Corp. (NYSE:SNP) and China Life Insurance (NYSE:LFC) were among the best performing U.S. listed stocks out of the 25 components of the China Xinhua 25 Index.

Looking at components of the index underlying the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO), U.S. listed WuXi Pharmatech (NYSE:WX) advanced +4.3% on Tuesday. The overbought/oversold monitor captured the weak technical condition of the stock this morning, saying "WuXi Pharmatech (NYSE:WX) became oversold and are ready to bounce back up." This proved to be an accurate prediction, just as was the case with similar American Dairy (NYSE:ADY). Shares of Sohu.com (NASDAQ:SOHU) fell -3.1% today, making it he worst performing U.S. listed component of the HAO.

ETF_summary2010316_2



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