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China ADR Wrap August 13, 2010

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profit_1 August 13, 2010 (Chinavestor) – It may have been Friday the 13th, but the performance of Chinese and U.S. wasn't too frightening on the day. Then again, it wasn't much to crow about either. The Hang Seng dealt with a small loss, but the Shanghai Composite Index (SHA:000001) gained 1.2%. It was another day in the read for U.S. stocks as the Dow Jones Industrial Average extended its losing streak to four days with a drop of 0.2%. Taking a look at the China-specific ETFs that we track, the PowerShares Golden Dragon Halter USX China ETF (NYSE:USX) gained just over half a percent and the iShares/FTSE Xinhua China 25 Index (NYSE:FX) booked a small gain as well. Small-caps outperformed as the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) added over 1%.

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Among large-caps, it was a good day to be involved in the airline business as both China Eastern Airlines (NYSE:CEA) and China Southern (NYSE:ZNH) flew higher by more than 6.5%. Sinopec Shanghai Petrochemical (NYSE:SHI) added almost 3.4% as oil prices stabilized a bit. China Unicom (NYSE:CHU) added almost 3% on strong volume, but no news.

WuXi Pharmatech (NYSE:WX) and E-House (NYSE:EJ) both gained around 2.7% on slack volume. Huaneng Power (NSYE:HNP), Shanda Interactive (Nasdaq:SNDA), Mindray Medical (NYSE:MR) and Guangshen Railway (NYSE:GSH) all contributed gains of better than 1%.

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The losers were fairly tame today and that's always a good thing. China Real Estate Information (Nasdaq:CRIC) shed almost 6%, but volume was well below the daily average. Internet search provider Sohu.com (Nasdaq:SOHU) tumbled by 3%. Sina Corp. (Nasaq:SINA) was another tech name in the red, losing almost 1.4%.

It was another tough day for solar stocks with LDK Solar (NYSE:LDK) dropping almost 2.3%. Trina Solar (NYSE:TSL) and JA Solar (Nasdaq:JASO) both lost more than 1.5%. China Mobile (NYSE:CHL) couldn't follow China Unicom (NYSE:CHU) as the bigger of the two mobile phone giants dealt with a loss of almost 1.6%. Synutra (Nasdaq:SYUT) wrapped up a tough week by losing 1.52%.

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If you want to find big winners, head over to the small-cap space. AirMedia (Nasdaq:AMCN) surged more than 23% on volume that was more than quadruple the daily average following an upgrade on Thursday and Wednesday's earnings report. China Nepstar Chain Drugstore (NYSE:NPD) popped almost 14% after announcing a $20 million share repurchase plan.

China Biotics (Nasdaq:CHBT) added more than 13% on no news but better than average volume. Xinhua Sports & Entertainment (Nasdaq:XSEL) gained 10% on weak volume. China Architectural Engineering (Nasdaq:CAEI) surged nearly 9% on light volume and no news. Jinpan International (NYSE:JST) popped by 7% on no news, but volume was strong.

Agriculture names were mixed with AgFeed (Nasdaq:FEED) adding almost 3.8%, but Origin Agritech (Nasdaq:SEED) shed 3.4%. Small-cap commodities issues were mixed as well. Fushi Copperweld (Nasdaq:FSIN) moved higher by more than 4%, by General Steel (NYSE:GSI) slipped by almost 3%. China Cast Education (Nasdaq:CAST) was the biggest small-cap loser, which is a pleasant surprise considering the stock was down only 6% on now news.

Fuqi International (Nasdaq:FUQI) lost more than 5% and American Dairy (NYSE:ADY) shed over 4% on nearly double the average daily volume. Gushan Environmental (NYSE:GU) and WSP Holdings (NYSE:WH) each tumbled by nearly 4%. Chindex International (Nasdaq:CHDX) suffered through one more rough day, dipping 3% while China Fire & Security (Nasdaq:CFSG) shed almost 3.7% on anemic volume.



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