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China ADR Wrap September 17, 2010

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statistics_1 September 17, 2010 (Chinavestor) – Summertime Fridays are usually pretty calm and today was no exception as the Hang Seng provided some excitement, jumping 1.3%, but the Shanghai Composite finished what had been a tough week in the red, falling 0.1%. Here in the U.S., the Dow Jones Industrial Average gained just 0.1% to wrap up a boring, but positive week. Looking at our trio of China-specific ETFs, the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) booked a small loss on the day, but the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) jumped almost 1% and the Claymore/AlphaShares China SmallCap Index was back in the green, gaining almost 0.6%.

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Once again, it was another calm day for large-caps, but 51jobs (Nasdaq:JOBS) had something to say about that, surging almost 13% on volume that was better than seven times the daily average on no news. AsiaInfo Linkage (Nasdaq:ASIA) followed with a no-news jump of almost 9% on volume that was nearly quadruple the daily average.

There wasn't much happening in the news with China Real Estate Investment (Nasdaq:CRIC) either, but that stock rallied 8.4% on turnover that was better than seven times the daily average. Melco Crown Entertainment (Nasdaq:MPEL) added almost 4% while Giant Interactive (NYSE:GA) and Huaneng Power (NYSE:HNP) were the only other large-caps to gain more than 3%.

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China Yuchai International (NYSE:CYD) popped 2.7%. New Oriental Education (NYSE:EDU) and Synutra (Nasdaq:SYUT) each added around 1.6%.

The losers were easy to tolerate today. Solar names were in the red, led by a drop of 4% for Trina Solar (NYSE:TSL). Yinglie Green Energy (NYSE:YGE) followed with a loss of 3%. LDK Solar (NYSE:LDK) couldn't escape the solar downdraft either, sliding 2.2%.

Telecom names were mixed as China Telecom (NYSE:CHA) gained over 1.4%, but City Telecom (Nasdaq:CTEL) slid more than 3%. China Eastern Airlines (NYSE:CEA) and Shanda Interactive (Nasdaq:SNDA) were the only other Chinese large-caps to lose more than 3%. Home Inns & Hotels Management (Nasdaq:HMIN) and Silvercorp (NYSE:SVM) both lost almost 2% to round out the large-cap losers.

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It was a really boring day for small-cap winners. GigaMedia (Nasdaq:GIGM) led the way with a gain of just 5%. Typically, we see something a bit more impressive out of the top small-cap gainer. UTStarcom (Nasdaq:UTSI) and Xinhua Sports & Entertainment (Nasdaq:XSEL) were the only other small-caps to finish higher by more than 4%.

China Housing & Land Development (Nasdaq:CHLN) was the only other small-cap to book a gain of over 3%, jumping 3.5%. ChinaCast Education (Nasdaq:CAST) added almost 3% while China Grentech (Nasdaq:GRRF), Cogo Group (Nasdaq:COGO), Global Sciences (Nasdaq:GSOL) and Zhongpin all gained more than 2%. China Infrastructure Investment (Nasdaq:CIIC) popped 1.9% to round out the small-cap winners.

The losers were barely more exciting as we find no double-digit decliners either. Gushan Environmental (NYSE:GU) slipped almost 8.5%. Fuqi International (Nasdaq:FUQI) probably succumbed to some profit taking, shedding 7% after two huge days. China Digital (NYSE:STV) was the only other small-cap to lose more than 5%. Qiao Xing Universal (Nasdaq:XING) tumbled 4.6%.

China Sky One Medical (Nasdaq:CSKI) and HQ Sustainable Maritime Industries (AMEX:HQS) both slipped more than 4%. China Sunergy (Nasdaq:CSUN) and Noah Education (NYSE:NED) both dropped about 3.7% on the day while Rino International (Nasdaq:RINO) and Tongxin International (Nasdaq:TXIC) both shed more than 3.5% to cap the small-cap losers on Friday.



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