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China ADR Wrap September 22, 2010

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buy_sell_hold_icon September 22, 2010 (Chinavestor) – Not surprisingly, we had to contend with another day of pretty lackluster trade due to a holiday that had the Shanghai Composite (SHA:000001) closed for the day. If you call gains of 0.2% picking up the slack, then that is exactly what the Hang Seng did. U.S. stocks didn't offer much in the way of support as all three major U.S. indexes moved to small losses on the day.

Our trio of China-specific ETFs continues the same trend we've been seeing lately. One of the large-cap ETFs, today it was the Power Shares Golden Drgaon Halter USX China ETF (NYSE:PGJ) books a small gain. The other, that being the iShares/FTSE Xinhua China 25 Index (NYSE:FXI), suffers a small loss and both are outdone by the Claymore/AlphaShares China SmallCap ETF (NYSE:HAO), which hit another 52-week high today.

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With Shanghai closed, the action in Chines large-caps was tepid at best. Melco Crown Entertainment (Nasdaq:MPEL) led the winners with a jump of nearly 4%. Trina Solar (NYSE:TSL) and Suntech Power (NYSE:STP) each added almost 3%. After that, no other large-cap gained over 2%.

Silvercorp Metals (NYSE:SVM) popped almost 1.9% while China Real Estate Investment (Nasdaq:CRIC) and Home Inns & Hotels Management (Nasdaq:HMIN) each added more than 1.7%. Aluminum Corp. of China (NYSE:ACH) and Shanda Games (Nasdaq:GAMES) were both up by about 1.5%. WuXi PharmaTech (NYSE:WX) jumped 1.3% while Huaneng Power rounds out the large-cap winners with a gain of 1.2%.

The losers were also tame today with Synutra (Nasdaq:SYUT) leading that group with a loss of nearly 4%. Sina (Nasdaq:SINA) took a break from its bullish ways to add almost 4% as well. Mindray Medical (NYSE:MR) shed 2.7%. Perfect World (Nasdaq:PWRD) and Sohu.com (Nasdaq:SOHU) were the only large-caps to lose more than 2% on the day.

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China Unicom (NYSE:CHU) slipped almost 1.8% after an analyst downgrade. Sohu.com (Nasdaq:SOHU) also gave up 1.8% on the day. China Yuchai (Nasdaq:CYD), 51job (Nasdaq:JOBS) and Cnooc (NYSE:CEO) round out the large-cap losers, all losing more than 1.1% but not more than 1.45%.

Chinese small-caps were a bit more exciting, per usual. China Precision Steel (Nasdaq:CPSL) surged 15.5%. Origin Agritech (Nasdaq:SEED) was no slouch either, jumping 14.2%. HQ Sustainable Maritime Industries (AMEX:HQS) and Xinhua Sports & Entertainment (Nasdaq:XSEL) each surged more than 12% to cap the double-digit winners.

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Noah Education (NYSE:NED) popped by almost 9% and Agria (NYSE:GRO) added nearly 7%. China Nepstar Chain Drugstore (NYSE:NPD) and Gushan Environmental (NYSE:GU) both gained more than 4%. Chindex (Nasdaq:CHDX) and Zhongpin (Nasdaq:HOGS) each rallied by over 3% to round out the small-cap winners.

The losers weren't too bad at all today. American Dairy (NYSE:ADY) and China-Biotics (Nasdaq:CHBT) each shed about 6%. Winner Medical (Nasdaq:WWIN) lost 5.7%. China Integrated Energy (Nasdaq:CBEH) and China Information Technology (Nasdaq:CNIT) were the only other small-caps to lose more than 4%.

China Fire & Security Group (Nasdaq:CFSG) slipped by almost 3.8% while Cogo (Nasdaq:COGO) gave up nearly 3.7%. Qiao Xing Universal (Nasdaq:XING) shed 3.3% A-Power Energy Generation (Nasdaq:APWR) continues to lose ground, giving up almost 2.9% on the day while Tiens Biotech (AMEX:TBV) dropped 2.7% to cap the losers.



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