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China ADR Wrap September 21, 2010

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advance_8 September 21, 2010 (Chinavestor) – Rare is the day that the Hang Seng, Shanghai Composite (SHA:000001) and Dow Jones Industrial Average rise by the same amount on a percentage, but that is exactly what happened today as all three indexes were higher by 0.1%. Trade was sluggish in China due to a looming holiday and traders took a step back in the States to await comments from the Federal Open Market Committee. Both issues kept volatility in check on both sides of the Pacific.

Our trio of China-specific ETFs presented us with some mixed results today as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) booked a small gain and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) notched a small loss. The Claymore/AlphaShares China SmallCap ETF (NYSE:HAO) continued to impress, touching a new 52-week high on its way to a gain of almost half a percent.

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Looking at Chinese large-caps, it was another subdued day as Sohu.com (Nasdaq:SOHU) led the way with a gain of 7.1% on volume that was nearly triple the daily average. JA Solar (Nasdaq:JASO) and China Eastern Airlines (NYSE:CEA) both added more than 6%. 51job (Nasdaq:JOBS) continued its bullish ways, adding 4.5% on volume that was almost quadruple the daily average.

Perfect World (Nasdaq:PWRD) chimed in with a solid 3.7% jump today while Changyou.com (Nasdaq:CYOU) and China Southern Airlines (NYSE:ZNH) each popped by more than 3%. China Real Estate Investment (Nasdaq:CRIC) added almost 3% while WuXi PharmaTech (NYSE:WX) and Yingli Green Energy (NYSE:YGE) each gained more than 2% to round out the large-cap winners.

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The losers were easy to deal with today as the worst of the lot was Trina Solar (NYSE:TSL), which dropped 2.74%. China Telecom (NYSE:CHA) followed with a drop of 2.7%. Melco Crown Entertainment (Nasdaq:MPEL) slipped 2.6% while Focus Media (Nasdaq:FMCN) and Semiconductor Manufacturing International (NYSE:SMI) both gave up more than 2%.

Home Inns & Hotels Management (Nasdaq:HMIN) and Silvercorp Metals (NYSE:SVM) each dipped by nearly 2%. China Yuchai International (NYSE:CYD) and VanceInfo Technologies (NYSE:VIT) both slipped by about 1.1%. Sinopec Shanghai Petrochemical (NYSE:SHI) rounds out the list of large-cap losers with a loss of just under 1%.

It was a fairly calm day for small-caps as well as we find just one double-digit winner in the group. That honor goes to China Grentech (Nasdaq:GRRF), which popped by almost 10.2%. Noah Education (NYSE:NED) followed with a gain of 6.5%. China Architectural Engineering (Nasdaq:CAEI) was the only other small-cap to add more than 5%, gaining 5.33%.

A-Power Energy Generation (Nasdaq:APWR) jumped 4.1% while China Technology (Nasdaq:CTDC), China Precision Steel (Nasdaq:CPSL) and VisionChina Media (Nasdaq:VISN) all added more than 3%. China Medical Technologies (Nasdaq:CMED) and HQ Sustainable Maritime Industries (AMEX:HQS) both jumped by more than 2.5%. Cogo Group (Nasdaq:COGO) caps the small-cap winners with a gain of 2.3%.

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There were no double-digit losers among the small-caps, but China-Biotics (Nasdaq:CHBT) and Xinhua Sports & Entertainment (Nasdaq:XSEL) both slipped by more than 8%. UTStarcom (Nasdaq:UTSI) dipped by almost 5.6%. Chindex International (Nasdaq:CHDX) was the only other small-cap to lose more than 4%, dropping 4.2%.

Acorn International (NYSE:ATV) lost almost 3.7% while China Gerui Advanced Materials (Nasdaq:CHOP) dropped nearly 3.4%. Agria (NYSE:GRO) and Tongxin International (Nasdaq:TXIC) each gave up more than 3%. China BAK Battery (Nasdaq:CBAK) slipped by 2.8% while General Steel (NYSE:GSI) finishes our list with a drop of almost 2.6%.



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