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China ADR Wrap September 14, 2010

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economy_6 September 14, 2010 (Chinavestor) – After a decent dose of excitement on Monday, stocks in China and the U.S. took a step back on Tuesday, as the Hang Seng added just 0.2% and the Shanghai Composite (SHA:000001) finished unchanged the day. Here in the U.S., the Dow Jones Industrial Average gave up just under 18 points, or 0.17%. Looking at our trio of China-specific ETFs, the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) both booked small gains, but the real winner continues to be the Claymore/AlphaShares China SmallCap ETF (NYSE:HAO), which added almost 0.6% to settle $28.87 after touching a new 52-week high at $29 earlier in the day.

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Looking at Chinese large-caps, it was an excellent days for airlines as China Eastern (NYSE:CEA) popped by almost 4% and China Southern (NYSE:ZNH) flew to a gain of almost 2%. Silvercorp Metals jumped by 3.2% while Yinglie Green Energy (NYSE:YGE) tacked on 2.8% on light volume. Suntech Power (NYSE:STP) was the next-bes solar performer, jumping just over 1% on the day.

Changyou.com (Nasdaq:CYOU) added 1.6% on better-than-average turnover. Synutra (Nasdaq:SYUT) clawed out of the clutches of the bears for one day at least, gaining almost 1.6%. China Real Estate Investment (Nasdaq:CRIC) jumped 1.5% and Semiconductor Manufacturing International (NYSE:SMI) gained the same amount, rounding out the large-cap winners.

The losers were tolerable today as Mindray Medical (NYSE:MR) led that group with a drop of almost 4%. City Telecom (Nasdaq:CTEL) followed with a plunge of nearly 3% while Melco Crown Entertainment (Nasdaq:MPEL) also slipped by almost 3%. China Yuchai International (NYSE:CYD) gave up nearly 2% on the day while AsiaInfo Linkage (Nasdaq:ASIA) tumbled by 1.6%.

51Job (Nasdaq:JOBS) gave up just over 1% on the day. Ctrip.com (Nasdaq:CTRP), Perfect World (Nasdaq:PWRD), Home Inns & Hotels Management (Nasdaq:HMINS) and China Telecom (NYSE:CHA) all lost less than 1% on the day.

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Not surprisingly, things were a bit more exciting with the small caps. China Gerui Advanced Materials Group (Nasdaq:CHOP), a name we don't mention much, surged 5.4% on better-than-average volume. China Medical Technologies (Nasdaq:CMED) followed with a strong volume pop of 3.7%. China Sunergy (Nasdaq:CSUN) put in a solid performance, gaining 2.8% while Rino International (Nasdaq:RINO) added almost the same amount.

China Precision Steel (Nasdaq:CPSL) jumped by barely more than 2% while Qiao Xing Mobile (NYSE:QXM) jumped 1.75% on nearly quadruple the average daily volume. Xinhua Sports & Entertainment (Nasdaq:XSEL) took another day off from negative trade to add 1.6% while China Architectural Engineering (Nasdaq:CAEI) and The9 Ltd. (Nasdaq:NCTY) both gained more than 1% to round out the small-cap gainers.

Slack oil prices dragged WSP Holdings (NYSE:WH) to a loss of almost 5.6%, making that stock the biggest small-cap loser. American Oriental Bioengineering (NYSE:AOB) slipped by nearly 5% while UTStarcom (Nasdaq:UTSI) lost almost 4%. Sutor Technology (Nasdaq:SUTR) and A-Power Energy Generation (Nasdaq:APWR) both dropped more than 3%.

KongZhong (Nasdaq:KONG) and Origin Agritech (Nasdaq:SEED) also gave up more than 3% a piece. Global Sources (Nasdaq:GSOL) shed 2.7% on the day while Winner Medical Group (Nasdaq:WWIN) and China BAK Battery (Nasdaq:CBAK) both dropped about 2.8% to cap the small-cap decliners.



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