September 13, 2010 (Chinavestor) This was a difficult day for many - not just for day-traders who had to cope with a deteriorating DJIA after the open and then with a resurgence, but also for China stock investors. The 54.6 percent dive of Duoyuan Printing, Inc. (NYSE:DYP) is almost unheard of and dragged Duoyuan Global Water Inc (NYSE:DGW) 41.5 percent lower for the day. Allegations of accounting errors are bad enough, not to mention when it comes from a Chinese company. Too bad that some of these events might shake the confidence of China stock investors - because most Chinese stocks are sound!
Most DJIA components ended the day in the black with Mc. Donald's taking the lead. Chinese stocks rallied universally in Hong Kong and in Shanghai earlier the day as economic data suggested China's economy is holding on well.
Volatile Focus Media (NASDAQ:FMCN) did well along with 51job Inc. (NASDAQ:JOBS), a stocks with similar trading characteristics. China Unicom (NYSE:CHU) advanced 5.0 percent - as expected after a blockbuster day in Hong Kong.
Online game developers continued to suffer though, Shanda Interactive (NASDAQ:SNDA) and Shanda Games (NASDAQ:GAME) being one of the worst for the day.
Small cap stocks remained volaitle, Duoyuan Printing, Inc. (NYSE:DYP) and dragged Duoyuan Global Water Inc (NYSE:DGW)rocking the boat. These stocks are not on Chinavestor's radar screen due to limited (less than one year) market history.American Dairy (NYSE:ADY) and KongZhong (NASDAQ:KONG)( were the most volatile China stocks on Monday - apart from DGW and DYP - as the following screen testifies.