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China stocks on the move by noon, May 25, 2010

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decline_8 May 25, 2010 (Chinavestor) Every Chinese ADR but Giant Interactive (NYSE:GA)  is in the red by noon on Tuesday. HSBC Plc. (NYSE:HBC), Hutch Telecom (NYSE:HTX) China TechFaith Wireless (NASDAQ:CNTF) and Sinovac (NASDAQ:SVA) are unchanged.

Big movers to the downside in dollar terms: China Eastern Airlines (NYSE:CEA) tumbled -$5.69 or -12.44%, erasing most of the gains from Monday. CNOOC Ltd. (NYSE:CEO), China's offshore oil specialist, fell -$5.17 followed by Baidu.com (NASDAQ:BIDU).  Petrochina Ltd. (NYSE:PTR), Sina Corp. (NASDAQ:SINA), and NetEase.com (NASDAQ:NTES) all suffered as the markets retreat.

noon_dollar_2010525

Chinese ETFs are falling along the broad market. Large caps have been holding on slightly better; the iSharesFTSE/Xinhua 25 Index (NYSE:FXI) is down -2.9% while the Claymore ALphaShares China Small Cap ETF (NYSE:HAO) lost -3.7% by noon.

noon_ETF_2010525

Chinese online gamers fare better than the rest of the market: Giant Interactive (NYSE:GA) is virtually unchanged while Perfect World (NASDAQ:PWRD) lost only -0.7%. Shanda Interactive (NASDAQ:SNDA) is going to report earnings next week, completing the earnings season for the industry.

China TechFaith Wireless (NASDAQ:CNTF) surprised to the upside on May 20th with a bullish outlook on top of strong revenue and earnings growth. Shares of the company have been weathering the storm relatively well. China TechFaith Wireless Q1 Profit Rises.

China Eastern Airlines (NYSE:CEA) bumped up 14% on Monday just to fall back to the $40s the next day. Hope you sold your CEA holdings from the BEST portfolio as instructed on Monday. Here is the script from the email alert sent out to Advanced members at 12:30 on Monday: "

Dear Subscriber,

China Eastern Airlines (NYSE:CEA) is up 17% since last Friday. CEA is trading at $46.59 by noon.

Take profits now!

Wish you successful investing"

Origin Agritech (NASDAQ:SEED) jumped 16.6% on Monday following an analyst upgrade. But the road proved to be rocky, the stock is one of the biggest losers in percentage points by noon on Tuesday.

Chinese energy stocks are under pressure as the oil is down -2.8% as Europe's problems spread. CNOOC Ltd. (NYSE:CEO) and Petrochina (NYSE:PTR) shed among the most in dollar terms - but expect them to outperform once the markets stabilize. Baidu.com (NASDAQ:BIDU) is an explosive stock, might reach $80 in a matter of days, should market conditions improve. Internet heavy weight Sina Corp. (NASDAQ:SINA) and NetEase.com (NASDAQ:NTES) are value stocks that deserve better - but can't fight the market.



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