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China solar stock on fire at noon on Wednesday

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burning_cash April 7, 2010 (Chinavestor) U.S. indices were unable to crawl back to positive territory by noon putting pressure on Chinese ARDs. But a weak dollar helped commodity and oil prices stay high, sending Chinese solar stock on a universal rally. Looking at Chinese ADRs at noon, seven of the ten biggest percentage point movers are solar plays! Interestingly, the PowerShares Golden Dragon Haltr USX China ETF (NYSE:PGJ) is in positive territory while pure China ETFs are in the red. Mr. John Kuhns, President of China Hydroelectric Corp. (NYSE:CHC), just gave an interview to Chinavestor on Tuesday in his NY office, a new addition to the Halter index.

Four solar stocks made it to the best five percentage movers by noon, including JA Solar Holdings (NASDAQ:JASO), Solarfun Power (NASDAQ:SOLF), China Sunergy (NASDAQ:CSUN) and Suntech Power (NYSE:STP). Qiao Xing Mobile Comm. (NYSE:QXM) is not only up over 10% today but has been advancing eight days in a row... Watch out for the overbought monitor tomorrow morning!

Stocks on the slide include 3SBio (NASDAQ:SSRX) while Semiconductor Manufacturing (NYSE:SMI) is taking a break. The dead cat bounce of formerly oversold Spreadtrum Communications (NASDAQ:SPRD) is over, the stock is expected to stay under the radar from quite some time.

top_201047etf_noon

Visit the following chart to see the biggest % moving U.S. listed China stocks at noon.

top_201047chart_noon

 



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