Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

China ADR Wrap August 20, 2010

E-mail Print PDF

gold August 20, 2010 (Chinavestor) – Whatever virus it was to infect U.S. stocks on Thursday made its way to China on Friday as the Hang Seng Index (INDEXHANGSENG:.HSI)  lost 0.4%, but the Shanghai Composite Index (SHA:000001) really took a spill, falling 1.7%. No surprise here: U.S. stocks were in the red again as the Dow Jones Industrial Average lost more than half a percent.

Key stocks of the day: Shanda Games (Nasdaq:GAME) and Netease.com (Inc. Nasdaq:NTES)  among online gamers. Yanzhou Coal (NYSE:YZC), China Eastern Airlines (NYSE:CEA) and China Southern airlines (NYSE:ZNH) among NYSE-HKEx cross listed blue chips.

end_2010820_index

Somehow, the China-specif ETFs that we track all finished the day in the green, led by a gain of nearly 1% for the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO). The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and iShares/FTSE Xinhua China 25 Index (NYSE:FXI) both booked small gains on the day.

end_2010820_etf

Among large-cap winners, the gains were small and came from a host of familiar names. Shanda Games (Nasdaq:GAME) led the way with a pop of 3.4% and that helped Netease.com (Nasdaq:NTES) added almost 2.3%. Yanzhou Coal (NYSE:YZC) added over 3% and both major listed airlines, China Eastern Airline (NYSE:CEA) and China Southern Airline (NYSE:ZNH), both gained just under 3%.

end_2010820_lc

New Oriental Education (NYSE:EDU) posted a solid run today, adding 2.77% on no news. Ctrip.com (Nasdaq:CTRP) and VanceInfo Technology (NYSE:VIT) both gained more than 2%. Focus Media (Nasdaq:FMCN) and Home Inns & Hotels Management (Nasdaq:HMIN) both popped by more than 1.5%.

All things considered, the biggest losers weren't too bad. Suntech Power (NYSE:STP) led the way, losing 3.54%. Synutra International (Nasdaq:SYUT) continued its bearish ways, slipping almost 3.4%. Mindray Medical (NYSE:MR) extended a decline that started earlier this week, shedding 1.7%. Changyou.com (Nasdaq:CYOU) and Silvercorp Metals (NYSE:SVM) each lost 1%.

There were no more large-caps that lost at least 1%. WuXi Pharmatech (NYSE:WX) lost nearly 0.9%. Huaneng Power (NYSE:HNP), Melco Crown Entertainment (Nasdaq:MPEL) and China Yuchai International (NYSE:CYD) all shed around 0.7%. Aluminum Corp. of China (NYSE:ACH) rounds out the losers with a drop of just 0.42%.

end_2010820_sc

Small-caps managed a decent day, led by a strong volume, no news gain of more than 6% for Tongxin International (Nasdaq:TXIC). GigaMedia (Nasdaq:GIGM) surged more than 5% on more than double the average daily volume. ChinaEdu (Nasdaq:CEDU) gained nearly 5% on strong volume two days after delivering second-quarter earnings. UTStarcom (Nasdaq:UTSI) soared 4.5% while WSP Holdings (NYSE:WH) added 3.3%.

China Technology (Nasdaq:CTDC) and China Architectural Engineering (Nasdaq:CAEI) both gained more than 3%. China Digital TV (NYSE:STV) and Vimicro International (Nasdaq:VIMC) each added more than 2% while Zhongpin International (Nasdaq:HOGS) rounds out the winners with a pop of 1.66%.

Looking at the losers, Acorn International (NYSE:ATV) plummeted by more than 15% on volume that was more than six times the daily average after reporting earnings yesterday. Tiens Biotech (AMEX:TBV) lost more than 9% on double the average daily volume, but there was no news to spark the big drop. AirMedia (Nasdaq:AMCN) and China Housing & Land Development (Nasdaq:CHLN) each lost (Nasdaq:CHLN) 5.8%. HQ Sustainable Maritime Industries (AMEX:HQS) lost more than 5% on volume that was nearly a third above the average daily turnover.

Xinhua Sports & Entertainment (Nasdaq:XSEL) and Agria (NYSE:GRO) each slipped by more than 4%. China BAK Battery (Nasdaq:CBAK), China Precision Steel (Nasdaq:CPSL) and Rino International (Nasdaq:RINO) all slid by about 3.9% on the day.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!