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China ADR Wrap August 18, 2010

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percent August 18, 2010 (Chinavestor) – Stocks on both sides of the Pacific suffered from an acute case of the summertime blues today as the Hang Seng lost half a percent and the Shanghai Composite Index (SHA:000001) dropped just 0.2%. In the States, the Dow Jones Industrial Average managed a small gain that is hardly worth writing home about. Among the major China ETFs, the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) fell by just a nickel while the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) slipped by 0.3%. Small-caps outperformed with the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) adding almost 1%.

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Among large-cap winners, Trina Solar (NYSE:TSL) popped by almost 5% and that helped Yingli Green Energy (NYSE:YGE) rally by more than 3%, but it wasn't all good news for solar stocks. LDK Solar (NYSE:LDK) lost 1.7% and Suntech Power (NYSE:STP) dropped 2.56%.

Melco Crown Entertainment (Nasdaq:MPEL) posted a solid move of 3.39% and Mindray Medical also gained over 3%. E-House (NYSE:EJ), Changyou.com (Nasdaq:CYOU) and Guangshen Railway (NYSE:GSH) all added more than 2%. City Telecom (Nasdaq:CTEL) gained almost 2% while Sohu.com (Nasdaq:SOHU) popped by just over 1%.

Online gaming firms were mixed as usual. Perfect World (Nasdaq:PWRD) added almost 2%, but NetEase.com (Nasdaq:NTES) lost 1.8%. Some of the largest of the large-caps can be spotted among the losers as Baidu (Nasdaq:BIDU), PetroChina (NYSE:PTR) and China Life Insurance (NYSE:LFC) all dropped more than 1% on the day.

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Synutra International (Nasdaq:SYUT) continued its bearish ways, shedding almost 2%. VanceInfo Technology (NYSE:VIT) lost 2% and China Eastern Airlines (NYSE:CEA) tumbled by 2.24%.

Taking a look at small-caps, we see that the activity there was a bit more exciting than it was with the larger names. Acorn International (NYSE:ATV) surged more than 10% on light volume and no news. China Digital TV (NYSE:STV) gained more than 9% after investors cheered the company's profit report. Volume in the name was nearly 10 times the daily average. Chindex International (Nasdaq:CHDX) was a curious winner, popping by almost 6% on strong volume, but there was no news to explain the move.

China BAK Battery (Nasdaq:CBAK) added more than 5% while AirMedia Group (Nasdaq:AMCN) and China TechFaith Wireless (Nasdaq:CNTF) both gained more than 4%. China Integrated Energy (Nasdaq:CBEH) gained nearly 4% on weak volume and no news. Rino International (Nasdaq:RINO) posted a 4% move on volume that was nearly double the daily average.

China Green Agriculture (NYSE:CGA) and eLong (Nasdaq:LONG) both gained almost 3% to round out the small-cap winners.

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Among the losers, 3SBio (Nasdaq:SSRX) plunged almost 9% on strong volume after investors reacted to a disappointing earnings update. China Technology Development (Nasdaq:CTDC) lost more than 5% on no news and thin volume. Origin Agritech (Nasdaq:SEED) shed more than 5% on better-than-average trade, but there were no headlines to explain the drop.

Vimicro International (Nasdaq:VIMC) also tumbled more than 5% while oil weakness help WSP Holdings (NYSE:WH) lose more than 4%. China Architectural Engineering (Nasdaq:CAEI) dropped nearly 4% on decent volume and no news.

Rounding out the small-cap losers, China Sky One Medical (Nasdaq:CSKI), Qiao Xing Mobile (NYSE:QXM), Agria (NYSE:GRO) and China Medical Technology (Nasdaq:CMED) all lost around 3.5% on the day.



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