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.
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.
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: "
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.