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China ADR Wrap September 7, 2010

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decline1 September 7, 2010 (Chinavestor) – It was a tale of two markets once again today as the Shanghai Composite Index (SHA:000001) added 0.1% to close at a four-month high while the Hang Seng extended its winning streak to five days by gaining 0.2%, but it was totally different story in the U.S. as investors took profits after last week's big rally, sending the Dow Jones Industrial Average to a light-volume triple-digit decline. Looking at China-specific ETFs, the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) found its a way to a small gain on the day, but the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) lost 1% and the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) shed 1.35%.

Key stocks on Tuesday include Aluminum Corp. of China (NYSE:ACH) , JA Solar (Nasdaq:JASO) and Home Inns & Hotels Management (Nasdaq:HMIN). Volatile small caps with upside included WSP Holdings (NYSE:WH), Xinhua Sports & Entertainment (Nasdaq:XSEL) and China BAK Battery (Nasdaq:CBAK) with over 10% gain for the day.

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Looking at the large caps, it was a fairly benign day in terms of the winners as Aluminum Corp. of China (NYSE:ACH) with a gain of just 2%. JA Solar (Nasdaq:JASO) followed with a pop of 1.4%. Longtop Financial (NYSE:LFT) was the only other Chinese large-cap to gain at least 1%. Home Inns & Hotels Management (Nasdaq:HMIN) gained just over three-quarters of a percent.

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VanceInfo Technologies (NYSE:VIT) booked a gain of 0.64%. Other winners included Focus Media (Nasdaq:FMCN), Mindray Medical (NYSE:MR), WuXi Pharmatech (NYSE:WX), Sinopec (NYSE:SNP) and Shanda Interactive all booked small gains on the day.

Among the losers, it wasn't a good day to be in the Internet space as Ctrip.com (Nasdaq:CTRP), Sohu.com (Nasdaq:SOHU) and Changyou.com (Nasdaq:CYOU) all lost more than 3%. All of that pales in comparison to a tumble of more than 6% for Netease.com (Nasdaq:NTES).

Sina Corp. (Nasdaq:SINA) and Huaneng Power (NYSE:HNP) also shed more than 3%. AsiaInfo Linkage (Nasdaq:ASIA) slipped by more than 4% while 51job (Nasdaq:JOBS) plummeted by nearly 7.3%. Synutra (Nasdaq:SYUT) was back in bearish territory again, falling more than 8% on the day.

Small-caps were volatile today as both big winners and big losers can be spotted across the spectrum. Oil prices weren't strong, but WSP Holdings (NYSE:WH) surged by more than 28%. Xinhua Sports & Entertainment (Nasdaq:XSEL) finally saw some relief, gaining 11% on the day. China BAK Battery (Nasdaq:CBAK) tacked on more than 10%.

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Healthcare names were mixed on the day. China Medical Technologies (Nasdaq:CMED) added almost 10%, but China-Biotics (Nasdaq:CHBT) slipped by almost 12% and China Sky One Medical (Nasdaq:CSKI) plunged more than 31% on almost 10 times the average daily volume after issuing some bearish earnings guidance last week. Winner Medical (Nasdaq:WWIN) gave up 6% on the day.

Back to the winners: Wonder Auto Technology (Nasdaq:WATG), A-Power Energy Generation (Nasdaq:APWR) and China Architectural Engineering (Nasdaq:CAEI) all popped by more than 6%. BMP Sunstone (Nasdaq:BJGP) surged by nearly 6%. American Dairy (NYSE:ADY) soared by almost 4.5% and China Nepstar Chain Drugstore (NYSE:NPD) added nearly 3.7% to round out the small-cap winners.

Acorn International (NYSE:ATV) shed nearly 6% on the day while China Green Agriculture (NYSE:CGA) and China Fire & Security Group (Nasdaq:CFSG) each gave up more than 5%. Fuqi International (Nasdaq:FUQI) China Infrastructure Investment (Nasdaq:CIIC) and ChinaCast Education (Nasdaq:CAST) all dipped by more than 4%. China TransInfo Technology (Nasdaq:CTFO) rounds out the small-cap decliners with a loss of nearly 4%.



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