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China ADR Wrap September 10, 2010

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advance9 September 10, 2010 (Chinavestor) – It was a fairly quiet end to the week as both Chinese and U.S. stocks found their way to higher finishes. The Hang Seng added 0.4% while the Shanghai Composite (SHA:000001) added 0.4%. The Dow Jones Industrial average found a way to close the week slightly higher, adding half of a percent, good for winning days in three of the past four. Large-cap China-specific ETFs were mixed today as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) barely moved higher and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) booked a small loss. The Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) capped a strong week with a small gain.

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Large caps didn't really feature any extreme winners or losers, but let's have a look anyway. Silvercorp Metals (NYSE:SVM) led the winners with a gain of 6.2%. Focus Media (Nasdaq:FMCN) followed with a jump of 2.7% while Cnooc (NYSE:CEO) was the only other Chinese large cap to gain more than 2%, popping 2.4%.

Ctrip.com (Nasdaq:CTRP) gained 1.9% while Mindray Medical (NYSE:MR) added 1.6%. Solar names were mixed as JA Solar (Nasdaq:JASO) rallied 1.5% after announcing an agreement with the China Development Bank. Yingli Green Energy (NYSE:YGE) jumped 1.1%, but Trina Solar (NYSE:TSL) gave up almost 1%.

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Longtop Financial (NYSE:LFT), China Yuchai International (NYSE:CYD) and Huaneng Power (NYSE:HNP) all added about 1% to round out the large-cap winners.

The losers were easy to deal with today as China Mobile (NYSE:CHL) was the worst offender of the group, shedding 2.6%. Perfect World (Nasdaq:PWRD) and Yanzhou Coal (NYSE:YZC) were the only other large caps to lose more than 2%. Synutra (Nasdaq:SYUT) was back to its bearish ways, shedding 1.7%.

Shanda Games (Nasdaq:GAME) gave up almost 1.7% while airlines were grounded once again as China Eastern (NYSE:CEA) and China Southern (NYSE:ZNH) both lost more than 1.5%. AsiaInfo Linkage (Nasdaq:ASIA) lost 1.1% and Sohu.com (Nasdaq:SOHU) rounds out the losers with a drop of less than 1%.

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Looking at the small caps, Xinhua Sports & Entertainment (Nasdaq:XSEL) surged almost 23% on volume that was about quadruple the daily average, but there were no headlines to explain the move. China BAK Battery (Nasdaq:CBAK) was the only other small-cap winner to enjoy a double-digit run, adding 10.2%.

China-Biotics (Nasdaq:CHBT) added almost 5% while China Natural Resources (Nasdaq:CHNR) was the only other small cap to gain more than 4%. WSP Holdings (NYSE:WH) jumped 3.5% and Noah Education (NYSE:NED) tacked on 3%. Tongxin International (Nasdaq:TXIC), Fuqi International (Nasdaq:FUQI), KongZhong (Nasdaq:KONG) and A-Power Energy Generation (Nasdaq:APWR) all popped by more than 2% to round out the small-cap winners.

Among the losers, China Integrated Energy (Nasdaq:CBEH) tumbled by almost 7% while Agria (NYSE:GRO) lost almost 6%. AirMedia (Nasdaq:AMCN), Sutor (Nasdaq:SUTR) and China Sky One Medical (Nasdaq:CSKI) all slipped by more than 3%.

China TransInfo (Nasdaq:CTFO) dipped by 2.8% while China Green Agriculture (NYSE:CGA) was dragged lower by Agria (NYSE:GRO), shedding 2.5%. China Housing & Land Development (Nasdaq:CHLN), Fushi Copperweld (Nasdaq:FSIN) and Advanced Battery (Nasdaq:ABAT) all lost more than 2% to cap the list of small-cap losers.



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