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China ADR Wrap July 20, 2010

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advance7 July 20, 2010 (Chinavestor) – Led by a surge in materials issues, Chinese and U.S. stocks were in rally mode on Tuesday with the Dow Jones Industrial Average (INDEXDJX:.DJI) building on Monday's gains, adding almost 76 points. The Hang Seng Index (INDEXHANGSENG:.HSI) turned in a nice gain of almost 1% while the Shanghai Composite Index (SHA:000001) led the way with a surge of 2.1%.

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All three of the major China-specific ETFs that we track posted gains of at least 2.5%. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) was the “laggard,” gaining “just” 2.5%. Small-caps were strong as the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) added 2.6%. Large-caps were stronger with the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) popping 2.7%.

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The surge in the Dow Jones Industrial Average (INDEXDJX:.DJI) helped Chinese ADRs to shine on Tuesday. As we mentioned above, materials names led the way. Aluminum Corp. of China (NYSE:ACH) surged 6.55% while Yanzhou Coal (NYSE:YZC) and Silvercorp Metals (NYSE:SVM) both added more than 5%. Aluminum Corp. of China's (NYSE:ACH) surge was a surprise given her weak performance in Hong Kong earlier the day. The stock is a member of the The Hang Seng Index (INDEXHANGSENG:.HSI) where is lost 2.4% on Tuesday. But her A-shares(SHA:601600) rose 3.6 percent in Shanghai, helping the Shanghai Composite Index (SHA:000001) to rose over 2 percent for the day.

Travel-related issues were also strong on the day with Ctrip.com (Nasdaq:CTRP) and China Eastern Airlines (NYSE:CEA) both gaining almost 5%. China Southern Airlines (NYSE:ZNH) was no slouch either. That name added 3.5% on the day. Melco Crown Entertainment (Nasdaq:MPEL) was another travel/leisure name on the receiving end of some bullish trade, gaining more than 3%.

Altogether advancing large caps helped the iShares/FTSE Xinhua China 25 Index (NYSE:FXI)  to advance 2.7 percent for the day.

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Losers were hard to come by as JA Solar (Nasdaq:JASO) was one of the day's slack performers, but that stock was still up less than 1%. Online gaming names were weak yet again. Giant Interactive (NYSE:GA) booked a small gain, but Perfect World (Nasdaq:PWRD), Shanda Interactive (Nasdaq:SNDA) and Changyou.com (Nasdaq:CYOU) all lost more than half a percent. AsiaInfo Holdings (Nasdaq:ASIA) was the biggest loser, but the loss was small at just 0.92%.

Small-caps turned in a glamorous performance, led by VisionChina Media (Nasdaq:VISN), which surged almost 14%. Fuqi International (Nasdaq:FUQI) continued its bullish ways, adding more than 12%. China Finance Online (Nasdaq:JRJC) and Xinyuan Real Estate (NYSE:XIN) both popped 8.13%. Thanks to a outstanding few stocks, the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) added 2.6% for the day.

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China Integrated Energy (Nasdaq:CBEH) and China Precision Steel (Nasdaq:CPSL) both added more than 6% while China Architectural Engineering (Nasdaq:CAEI), Sutor Technology (Nasdaq:SUTR) and Rino International (Nasdaq:RINO) all added more than 5%.

As was the case with the large-caps, small-cap losses were relatively contained. Xinhua Sports & Entertainment (Nasdaq:XSEL) lost almost 5% to gain the dubious distinction as Tuesday's biggest small-cap loser. BMP Sunstone (Nasdaq:BJGP) followed with a loss of 4.32%. China Technology (Nasdaq:CTDC), Tongxin International (Nasdaq:TXIC) and China Natural Resources (Nasdaq:CHNR) all tumbled more than 2%.

HQ Sustainable Maritime Industries (AMEX:HQS) and American Oriental Bioengineering (NYSE:AOB) both lost more than 1% while Agria (NYSE:GRO), China-Biotics (Nasdaq:CHBT) and CDC Corp. (Nasdaq:CHINA) all shed almost 1% on the day.



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