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China ADR Wrap August 25, 2010

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money_4 August 25, 2010 (Chinavestor) – It was another forgettable day for stocks on both sides of the Pacific as Chinese stocks closed noticeably lower and U.S. stocks eked out small gains. The Hang Seng slipped 0.1%, but the real negative action was seen on the Shanghai Composite (SHA:000001), which tumbled 2.1%. A weak late-day rally helped the Dow Jones Industrial Average gain 0.2% on the day. The late-day pop wasn't enough to save China-specific ETFs as the PowerShares Golden Dragon Halter USX China ETF (NYES:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) each booked small losses on the day. The Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) was also in the red, shedding almost half a percent.

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Looking at large-caps, Silvercorp Metals (NYSE:SVM) put in a nice gain of almost 7.6% on strong volume but no news. JA Solar (Nasdaq:JASO) gained almost 4.4%, but that didn't help LDK Solar (NYSE:LDK), which slid more than 1%. Semiconductor Manufacturing International (NYSE:SMI) popped almost 4% on no news and light volume.

Sinopec Shanghai Petrochemical (NYSE:SHI) added more than 3% on light volume and no news. Melco Crown Entertainment (Nasdaq:MPEL) gained almost 3% on the day while E-House (NYSE:EJ) found its way to an addition of more than 2%. China Yuchai International (NYSE:CYD), Guangshen Railway (NYSE:GSH) and China Eastern Airlines (NYSE:CEA) all moved higher by about 1.7%.

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Changyou.com (Nasdaq:CYOU) added 1.4%, but that wasn't enough to help other online firms. Shanda Interactive (Nasdaq:SNDA) lost more than 1.5% and Netease.com (Nasdaq:NTES) slid nearlhy 2%. Shanda Games (Nasdaq:GAME) was especially weak, tumbling almost 5% on the day. Aluminum Corp. of China (NYSE;ACH) slid almost 2% after the company said it would look to make more coal and metals investments to cope with aluminum overcapacity in China.

China Life Insurance (NYSE:LFC) fell 2.7% on double the average daily volume after reporting earnings. That led to a decline of more than 3% for rival CNinsure (Nasdaq:CISG). Focus Media (Nasdaq:FMCN) also dropped by nearly 3%. 51job (Nasdaq:JOBS) led the losers with a plunge of almost 6% on volume that was nearly five times the daily average, but there was no news to explain the bearish action.

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Small-cap winners outpaced the laggards on a percentage basis, led by a huge surge of more than 13% for GigaMedia (Nasdaq:GIGM) which made that move on volume that was 10 times the daily average. eLong (Nasdaq:LONG) and China Infrastructure Investment (Nasdaq:CIIC) each gained nearly 8%. Acorn International (NYSE:ATV) continues to run all over the map, adding nearly 7% on more than twice the average daily turnover.

The9 Ltd. (Nasdaq:NCTY) popped more than 6% after delivering a decent earnings report yesterday. China Nepstar Chain Drugstore (NYSE:NPD) surged 4.56%. China TransInfo Technology (Nasdaq:CTFO), A-Power Energy Generation (Nasdaq:APWR), KongZhong (Nasdaq:KONG) and BMP Sunstone (Nasdaq:BJGP) all added at least 3.7% on the day.

Looking at the losers, China Architectural Engineering (Nasdaq:CAEI) tumbled more than 11% on volume that was better than quadruple the daily average, but there was no news to explain the bearish trade. Xinhua Sports & Entertainment (Nasdaq:XSEL) shed more than 9% while China Green Agriculture (NYSE:CGA) lost 7.6%.

It was a tough day for healthcare-related names again as Tiens Biotech (AMEX:TBV) lost almost 7%. Winner Medical Group (Nasdaq:WWIN) followed with a loss of more than 4% and 3SBio (Nasdaq:SSRX) lost almost 4%. China Fire & Security (Nasdaq:CFSG), ATA Inc. (Nasdaq:ATAI), Noah Education (NYSE:NED) and Qiao Xing (Nasdaq:XING) all lost more than 3% to round out the small-cap losers.



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