Looking at our trio of China-specific ETFs, the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ), the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) and the Claymore/AlphaShares China SmallCap ETF (NYSE:HAO) all succumbed to small losses on the day. Not surprisingly, HAO was the “best” performer of the group.
Key stocks of the day: Fuqi International (Nasdaq:FUQI) and Noah Education (NYSE:NED) among small caps and China Eastern Airlines (NYSE:CEA), E-House (NSYE:EJ) and Synutra (Nasdaq:SYUT) from stocks with market cap over $500 million.
It was another lethargic day for Chinese large caps as China Eastern Airlines (NYSE:CEA) was the “big” winner, adding just about 4%. E-House (NSYE:EJ) followed with a gain of 3.7% and Synutra (Nasdaq:SYUT) was the only other large-cap to gain more than 3% today.
There was some moderate strength among Internet names as Sina (Nasdaq:SINA) jumped 2.8%, Sohu.com (Nasdaq:SOHU) added 2.6% and Ctrip.com (Nasdaq:CTRP) moved higher by 1.37%. Changyou.com (Nasdaq:CYUO) was part of the fun as well, adding 1.17%.
51Job (Nasdaq:JOBS) and CNinsure (Nasdaq:CISG) were the only other Chinese large-caps to gain more than 2%, adding 2.7% and 2.5%, respectively. New Oriental Education (NYSE:EDU) rounds out the large-cap winners with a jump of almost 1.7%.
Just as there were no big winners, there weren't any big losers either. Yingli Green Energy (NYSE:YGE) was the worst of the lot, shedding 3.7%. Trina Solar (NYSE:TSL) fell in sympathy, losing 1.3%. It was a rough day for commodities issues as Aluminum Corp. of China (NYSE:ACH) slid 2% and Sinopec Shanghai Petrochemical (NYSE:SHI) lost 1%. Sinopec (NYSE:SNP) was also down by about three-quarters of a percent.
Telecom offered no shelter with China Unicom (NYSE:CHU) sliding almost 1.7% and China Mobile (NYSE:CHL) losing 0.74%. Home Inns & Hotels Management (Nasdaq:HMIN) slid less than 1% while Semiconductor Manufacturing International (NYSE:SMI) and NetEase.com (Nasdaq:NTES) were the only other Chinese large-caps to lose more than 1% on the day.
Predictably, small caps were a bit more exciting, led by a gain of almost 22% for Fuqi International (Nasdaq:FUQI), which announced the opening of a new showroom in Shenzhen. Volume in the stock was nearly five times the daily average. Noah Education (NYSE:NED) was the next-best small-cap winner with a gain of just 5.3%.
It was a decent day for agriculture names with Agria (NYSE:GRO) jumping almost 4.7% and AgFeed Industries (Nasdaq:FEED) following with a gain of 4.1%. eLong (Nasdaq:LONG) was the only other Chinese small-cap to add more than 4% today.
China Grentech (Nasdaq:GRRF), General Steel (NYSE:GSI) and HQ Sustainable Maritime Industries (AMEX:HQS) all jumped more than 3%. UTStarcom (Nasdaq:UTSI) and ChinaCast Education (Nasdaq:CAST) round out the small-cap winners, each moving higher by more than 2.5%.
The small-cap losers were tolerable once again. China Architectural Engineering (Nasdaq:CAEI) was the king of this group, losing 6.2%. The bears got back into Xinhua Sports & Entertainment (Nasdaq:XSEL), forcing that name lower by 5.7%. China Gerui Advanced Materials (Nasdaq:CHOP) was the only other small-cap to lose more than 4%, sliding by 4.8% on the day.
China BAK Battery (Nasdaq:CBAK) slipped by nearly 4% while AirMedia (Nasdaq:AMCN) and WSP Holdings (NYSE:WH) were the only other small-caps to lose more than 3%. China Precision Steel (Nasdaq:CPSL) and China TransInfo (Nasdaq:CTFO) both shed about 2.7%. Qiao Xing Universal (Nasdaq:XING) gave up 2.6% and Actions Semiconductor (Nasdaq:ACTS) tumbled 2.4% to round out the small-cap decliners.