It was another fairly benign day for large-caps. Sohu.com (Nasdaq:SOHU) led the way with a pop of almost 5.6%. Perfect World (Nasdaq:PWRD) followed with a gain of nearly 4.4%. China Eastern (NYSE:CEA) flew to a gain of 3.6% and that helped China Southern (NYSE:ZNH) to an addition of 2.6%.
Oil prices weren't all that great today, but Sinopec Shanghai Petrochemical (NYSE:SHI) did tack on almost 3%. Synutra International (Nasdaq:SYUT) and WuXi PharmaTech (NYSE:WX) each added over 2%. China Unicom (NYSE:CHU), Focus Media (NYSE:FMCN) and Home Inns & Hotels Management (Nasdaq:HMIN) all gained less than 2% but more than 1.5% to cap the winners.
Among the losers, Shanda Games (Nasdaq:GAME) shed 6% on weak earnings news. The company also announced a $95 million acquisition. Shana Interactive (Nasdaq:SNDA) tumbled 4% on the news. Silvercorp Metals (NYSE:SVM) lost 4.1% on the day.
E-House (NYSE:EJ) slipped by 3.4% and AsiaInfo Linkage (Nasdaq:ASIA) dipped by 2.8% on the day. A couple of solar names were in the red today as JA Solar (Nasdaq:JASO) dropped 1.1% and Yingli Green Energy (NYSE:YGE) lost almost 2.6%.
Melco Crown Entertainment (Nasdaq:MPEL) may be a bit topped out as that name slipped by 2.4%. China Real Estate Investment (Nasdaq:CRIC) and New Oriental Education (NYSE:EDU) each lost more than 1% to round out the large-cap losers.
American Dairy (NYSE:ADY) led the small-cap winners, surging 19% on better than triple the average daily volume and no news. This may have been an example of some short covering. Sinovac Biotech (Nasdaq:SVA) rallied to a 10% gain on the day, but that couldn't keep China-Biotics (Nasdaq:CHBT) from a loss of more than 3%.
Xinhua Sports & Entertainment (Nasdaq:XSEL) escaped the bears' claws for one day at least, soaring 7.2%. American Oriental Bioengineering (NYSE:AOB), China Housing & Land Development (Nasdaq:CHLN) and Noah Education (NYSE:NED) all added more than 2% on the day. Nam Tai Electronics (NYSE:NTE), Sutor Technology (Nasdaq:SUTR), Winner Medical (Nasdaq:WWIN) and Vimicro International (Nasdaq:VIMC) all added between 1.7% and 1.9% to round out the small-cap gainers.
An SEC investigation is never a good thing, regardless of a company's size and Fuqi International (Nasdaq:FUQI) proved that today. The jewelry retailer plunged more than 24% on almost 10 times the average daily turnover on news that company received an SEC subpoena. Rino International (Nasdaq:RINO) lost 6.2% while Agria (NYSE:GRO) and Acorn (NYSE:ATV) both lost more than 5%.
Origin Agritech (Nasdaq:SEED) slipped by 4.3%. Qiao Xing Universal (Nasaq:XING) lost almost the same amount, probably on yesterday's news that it will acquire the outstanding shares of Qia Xing Mobile (NYSE:QXM). KongZhong (Nasdaq:KONG) also shed more than 4% on the day. ChinaCast Education (Nasdaq:CAST) and eLong (Nasdaq:LONG) dropped 3.45% and 3.68%, respectively, to finish off the small-cap decliners.