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China ADR Wrap July 1, 2010

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recycling July 1, 2010 (Chinavestor) – Stocks extended their slide today with the Dow Jones Industrial Average dropping another 0.4% while the Shanghai Composite Index (SHA:000001) plunge 1%. Fortunately for the Hang Seng, the exchange was closed today. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ), the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) and the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) all booked small gains on the day.

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Solar stocks were prized by traders on Tuesday, with Trina Solar (NYSE:TSL) leading the large-cap winners with a gain of 6.6%. JA Solar (Nasdaq:JASO) was strong as well, gaining more than 5%. Yingli Green Energy (NYSE:YGE) jumped almost 4% and LDK Solar (NYSE:LDK) and Suntech Power (NYSE:STP) were both up more than 3%.

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Online gaming firms continue to show little consistency as a group as Shanda Games (Nasdaq:GAME) lost almost 2%, but Netease.com (Nasdaq:NTES) gained almost 4% and Changyou.com (Nasdaq:CYOU) added almost 2%. Perfect World (Nasdaq:PWRD) dropped 2% and Shanda Interactive (Nasdaq:SNDA) plunged 3.53%.

China Yucai International (NYSE:CYD) popped 6.16% for the second-best performance among large-caps and Synutra International (Nasdaq:SYUT) continued to be one of the more volatile names we track, tacking on 5.81% today.

There weren't a lot of big losers among large-caps, but we do see a lot familiar names. Silvercorp Metals (NYSE:SVM) and 51job (Nasdaq:JOBS) both tumbled by more than 3%. Real estate names showed some weakness yet again with E-House (NYSE:EJ) dropping 1.35% and China Real Estate Information (Nasdaq:CRIC) losing more than 2%.

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Among small-cap winners, we did spot some bullish trade in names we haven't mentioned lately, including BMP Sunstone (Nasdaq:BJGP), which gained more than 4% on strong volume. China Infrastructure (Nasdaq:CIIC) and The9 Ltd. (Nasdaq:NCTY) both gained nearly 4% as well. China TransInfo Technology (Nasdaq:CTFO) and Nam Tai Electronics (NYSE:NTE) both jumped almost 3%.

Global Sources (Nasdaq:GSOL) gained more than 2% and China Sunergy (Nasdaq:CSUN), China Grentech (Nasdaq:GRRF) and China Natural Resources (Nasdaq:CHNR) all gained almost 2%.

It was glum day for agriculture issues with AgFeed Industries (Nasdaq:FEED) losing almost 5.5%. China Green Agriculture (Nasdaq:CGA) lost almost 5.8% and Agria (NYSE:GRO) lost 6.61%. Sutor Technology (Nasdaq:SUTR) lost 6.5% on strong volume, but there was no news flow on the name.

China Integrated Energy (Nasdaq:CBEH) plunged almost 8% on no news and Winner Medical Group (Nasdaq:WWIN) slumped more than 8% on extremely light volume. Fuqi International (Nasdaq:FUQI) continued its bearish ways, slumping more than 9% on almost twice the average daily volume. Those declines pale in comparison to the 12% dropped endured by Gushan Environmental (NYSE:GU). Volume was light in that name and there was no news to point to to explain the bearish trade.



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