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China ADR Wrap September 29, 2010

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statistics_1 September 29. 2010 (Chinavestor) – Despite positive manufacturing data out of China that sent other emerging markets higher on the day, the Shanghai Composite (SHA:000001) booked a small loss while the Hang Seng turned in a sturdy 1.2% gain. Here in the States, all three major indexes finished moderately lower after a late-day sell-off really pressured financials and materials names. The Dow Jones Industrial Average (INDEXDJX:.DJI) fell by nearly 23 points.

Hottest Chinese stocks sector of the day: solar. Yingli Green Energy (NYSE:YGE) was followed by Trina Solar (NYSE: TSL) and Suntech Power (NYSE:STP). Volatile LDK Solar (NYSE:LDK) bounced back up again...

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Despite the down move for U.S. stocks, it was a solid day for our trio of China-specific ETFs. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) gained nearly 1% while the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) added just about half a percent. The Guggenheim/AlphaShares China SmallCap ETF (NYSE:HAO) came within a penny of touching a new all-time high and finished higher by 0.2%.

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Looking at Chinese large-caps, it was a strong day for solar stocks. JA Solar (Nasdaq:JASO) led the way with a gain of almost 6%. Yingli Green Energy (NYSE:YGE) followed with a pop of 5.6% while Trina Solar (NYSE: TSL) and Suntech Power (NYSE:STP) each gained almost 5%. LDK Solar (NYSE:LDK) tacked on almost 4%.

Synutra (Nasdaq:SYUT) jumped almost 6% on strong volume after receiving an apology from Phoenix TV regarding false claims made about Synutra (Nasdaq:SYUT) products. CNinsure (Nasdaq:CISG) rallied by almost 4.5%. There was some strength in commodities names as Yanzhou Coal (NYSE:YZC) added more than 3% and Aluminum Corp. of China (NYSE:ACH) gained more than 2%. New Oriental Education (NYSE:EDU) rounds out the large-cap winners with a gain of almost 2.1%.

The losers were manageable on the day as E-House (NYSE:EJ) led the way with a drop of almost 4.6%. Home Inns & Hotels Management (Nasdaq:HMIN) was another real estate-related loser, tumbling by nearly 2.6%.

It was a tough day for online gaming firms led by a loss of more than 4% for Shanda Games (Nasdaq:GAME). Changyou.com (Nasaq:CYOU) slipped by almost 2.1% while Giant Interactive (NYSE:GA) gave up about 2%. Melco Crown Entertainment (Nasdaq:MPEL) was the only other Chinese small-cap to shed more than 2% on the day.

VanceInfo (NYSE:VIT) lost 1.7% while Sohu.com (Nasdaq:SOHU) lost 1.55% and China Southern Airlines (NYSE:ZNH) lost 1.44% to cap the large-cap losers.

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It was a pretty calm day for Chinese small-caps as Fuqi International (Nasdaq:FUQI) led the way with a gain of almost 12%. China-Biotics (Nasdaq:CHBT) was the only other double-digit winner, jumping almost 11%. AirMedia (Nasdaq:AMCN) soared 8.6%. Zhongpin (Nasdaq:HOGS) turned in a solid performance, adding nearly 7%.

A-Power Energy Generation (Nasdaq:APWR) and ShengdaTech (Nasdaq:SDTH) both added over 5%. China Infrastructure Investment (Nasdaq:CIIC) and China Technology (Nasdaq:CTDC) both jumped more than 4.7% on the day. Xinhua Sports & Entertainment (Nasdaq:XSEL) surged by almost 4.7% and China Fire & Security (Nasdaq:CFSG) gained 4.5% to cap the small-cap winners.

The small-cap losers were also easy to deal with today. China Precision Steel (Nasdaq:CPSL) was the only double-digit loser, shedding 10.2%. China Natural Resources (Nasdaq:CHNR) was the next-worst performer, slipping by almost 6.3%. UTStarcom (Nasdaq:UTSI) lost 4.5% while China Nepstart Chain Drugstore (NYSE:NPD) dropped 4.4%.

3SBio (Nasdaq:SSRX) and Tiens Biotech (AMEX:TBV) both traded lower by 4.29%. Agria (NYSE:GRO) dipped by 4.1%. A good day for oil prices couldn't help WSP Holdings (NYSE:WH) as that name gave up 2.4%. Global Sources (Nasdaq:GSOL) shed 2.3% while Jinpan International (NYSE:JST) rounds out the losers with a decline of 2.1%.



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