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China stocks on the move by noon, April 27, 2010

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decline2 April 27, 2010 (Chinavestor) China stocks listed in U.S. equity markets fell along the market. There has been a broad sell-off in the morning due to three major factors: Greece's ills -now spearing to Portugal -continue to rattle nerves; Goldman's hearing suggests public opinion is tilting toward a sweeping financial reform, and for three, Chinese property market woes continue to pressure stocks in Asia and the rest of the world.

Chaina BAK Battery (NASDAQ:CBAK) fell -13.9% by noon, the most in percentage term among China ADRs. City Telecom (NASDAQ:CTEL) and AsiaInfo Holdings (NASDAQ:ASIA) revered course from the day prior and fell heavily on Tuesday morning. 

top_2010427_noonetf

Stocks that fell on Monday and continued to mount losses include Solarfun Power Holdings (NASDAQ:SOLF), China Southern Airline (NYSE:ZNH) and Changyou.com (NASDAQ:CYOU).

China BAK Battery (NASDAQ:CBAK) fell -13.9% by noon following weak 2010 Q2 numbers and a lowered 2010 full year revenue outlook. CBAK down 10% on lower guidance, lackluster growth.

Sohu.com (NASDAQ:SOHU) reversed course from yesterday morning and fell -5.45% by noon on Tuesday. The company reported 2010 Q1 financials a day before, something that has ramifications for the whole Chinese online advertisement business. Internet ad stocks up after Sohu bullish outlook.

For more about movers of the day so far, visit the following chart.

top_2010427_noonchart



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