September 3, 2010 (Chinavestor) – Friday brought another curious day of trading when comparing Chinese and U.S. stocks against each other. The Hang Seng managed a gain of half of percent and the Shanghai Composite (SHA:000001) was flat on the day while another “less bad” economic report, the August jobs number, spurred the Dow Jones Industrial Average to its second triple-digit gain in the past two days. The bullish trade in the U.S. sent the China-specific ETFs that we track higher on the day as the PowerShares GoldnenDragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) both added less than 1%. Small-caps once again shined with the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) jumping almost 1.2%.
Large-caps enjoyed a solid day as there were no huge winners, but no dramatic losers either. 51Job (Nasdaq:JOBS) led the way with a 7% pop. Semiconductor Manufacturing International (NYSE:SMI) followed with a gain of almost 6%. Solar names were mixed as Suntech Power (NYSE:STP) surged 5% and LDK Solar (NYSE: LDK) added 2.35%, but Trina Solar (NYSE:TSL) and JA Solar (Nasdaq:JASO) each booked small losses.
Focus Media (Nasdaq:FMCN) and Home Inns & Hotels Management (Nasdaq:HMIN) each gained almost 3% on the day. Silvercorp Metals (NYSE:SVM), Perfect World (Nasdaq:PWRD) and Changyou.com (Nasdaq:CYOU) round out the winners as each added more than 2%.
As we said, the losers were easily to deal with today. Synutra International (Nasdaq:SYUT) continued its bearish ways, leading the losers with a drop of 2.2%. Ctrip.com (Nasdaq:CTRP) lost 1.7% and AsiaInfo Linkage (Nasdaq:ASIA) was the only other Chinese large-cap to lose more than 1%. Huaneng Power (NYSE:HNP) and Aluminum Corp. of China (NYSE:ACH) round out the losers with small declines on the day.
Turning to small caps, WSP Holdings (NYSE:WH) was an interesting winner today. That name advanced by almost 10.6% despite the fact that oil traded lower. Noah Education (NYSE:NED) rebounded from a couple of tough days to add almost 10%. Origin Agritech (Nasdaq:SEED) tacked on nearly 6.5%.
American Oriental Bioengineering (NYSE:AOB) added almost 5% on strong volume and no news as did ChinaCast Education (Nasdaq:CAST). Chindex International (Nasdaq:CHDX) surged more than 4% while China Fire & Security Group (Nasdaq:CFSG) popped by 3.74%. GigaMedia (Nasdaq:GIGM) and BMP Sunstone (Nasdaq:BJGP) each added more than 3%. China Natural Resources rounds out the small-cap winners with a gain of 2.9%.
The small-cap losers weren't all that bad either. Xinhua Sports & Entertainment (Nasdaq:XSEL) continued to swoon lower, shedding 5.56% on the day. China Technology (Nasdaq:CTDC) also lost more than 5%. China Green Agriculture (NYSE:CGA) dipped by more than 4% and eLong (Nadaq:LONG) shed 3.7%.
China TransInfo Technology (Nasdaq:CTFO) slipped 3% while Fuqi International (Nasdaq:FUQI), China Biotics (Nasdaq:CHBT) and China TechFaith Wireless (Nasdaq:CNTF) all lost more than 2%. China Precision Steel (Nasdaq:CPSL) Qiao Xing Universal (Nasdaq:XING) cap the losers, with drops of 1.39% and 1.73%, respectively.