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China ADR Wrap July 2, 2010

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profit_1 July 2, 2010 (Chinavestor) – As expected, Friday's non-farm payroll number didn't provide the jolt the bulls needed to really enjoy the holiday weekend as the Dow Jones Industrial Average extended its losing streak, dropping another 46 points. The Shanghai Composite Index (SHA:000001) saw some relief, adding 0.4%, but the Hang Seng lost 1.1%. The three China-specific ETFs we track were all down on the day. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) slid 0.63%, the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) lost almost 1% and the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) lost almost 0.6%.

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We saw some strength in large-cap solar names for a second consecutive day with Yingli Green Energy (NYSE:YGE) leading the winners with a 5% gain. Trina Solar (NYSE:TSL) was up almost 5% and JA Solar (Nasdaq:JASO) and LDK (NYSE:LDK) were both up almost 4%. Online gaming firms were led by Perfect World (Nasdaq:PWRD) and Changyou.com (Nasdaq:CYOU), both of which popped by more than 3%.

China Unicom (NYSE:CHU) gained almost 2% while Ctrip.com (Nasdaq:CTRP), CNinsure (Nasdaq:CISG) and Longtop Financial (Nasdaq:LFT) all added more than 1%.

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Among the losers, commodities names were hit. Sinopec Shanghai Petrochemical (NYSE:SHI), lost nearly 2%. Silvercorp Metals (NYSE:SVM) lost 2.18% and Yanzhou Coal (NYSE:YZC) slid 3.51%.

Synutra International (Nasdaq:SYUT) capped a wild week with a loss of almost 3% and real estate names were weak again with China Real Estate Information (Nasdaq:CRIC) tumbling almost 4% and E-House (NYSE:EJ) losing 4.6%. 51job (Nasdaq:JOBS) is another name that is happy the week is, finishing up with a loss of 5.77% on Friday.

Looking at small-caps, we see a nice light volume, no news gain for Acorn International (NYSE:ATV), which was up 7.76%, leading small-cap winners. Tongxin International (Nasdaq:TXIC) gained 6% on less than half its average daily volume. Xinhua Sports & Entertainment (Nasdaq:XSEL) joined the light volume no news club, adding almost 6% on the day. Agria (NYSE:GRO) rebounded a bit from yesterday's downdraft, rising 3.53% today.

China Architectural Engineering (Nasdaq:CAEI), The9 Ltd. (Nasdaq:NCTY) and China Sunergy (Nasdaq:CSUN) all gained more than 3% today. China Infrastructure Investment (Nasdaq:CIIC), Gushan Environmental (NYSE:GU) and GigaMedia (Nasdaq:GIGM) all gained more than 2%.

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Plenty of familiar names line the small-cap losers column led by China TransInfo (Nasdaq:CTFO), which tumbled 5% on light volume. Sinovac Biotech (Nasdaq:SVA) lost 4.44% on light volume and no news. China Technology Development (Nasdaq:CTDC), China Integrated Energy (Nasdaq:CBEH) and China BAK Battery (Nasdaq:CBAK) all lost more than 4%.

Jinpan International (NYSE:JST), American Dairy (NYSE:ADY) and Sutor Technology (Nasdaq:SUTR) all nearly lost 4% each and China Biotics (Nasdaq:CHBT) and China Fire & Security (Nasdaq:CFSG) both lost more than 3%.



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