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China ADR Wrap October 1, 2010

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profit_1 October 1, 2010 (Chinavestor) – Yeah, it was only last week that Asian markets were closed for holiday celebrations, but bourses in Hong Kong and Shanghai were closed again today, leaving the U.S. to carry the torch on the first day of October. The Dow Jones Industrial Average extended September's gains, jumping 0.4% today. It was a banner day for our trio of China-specific ETFs as both the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) gained more than 0.6%. The Guggenheim China SmallCap ETF (NYSE:HAO) continues its torrid pace, jumping 0.7% to touch another 52-week high at $30.49 before settling at $30.44.

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With the markets in China closed, it was a fairly calm day for large-cap Chinese ADRs. The biggest winner in the group was 51job (Nasdaq:JOBS), which added about 4%. Perfect World (Nasdaq:PWRD) followed with a gain of 3.6%. China Real Estate Investment (Nasdaq:CRIC) jumped almost 3.3% on the day.

Yanzhou Coal (NYSE:YZC) was the only other Chinese large-cap to gain more than 2% on Friday. Focus Media (Nasdaq:FMCN) and NetEase.com (Nasdaq:NTES) both gained at least 1.8%. Aluminum Corp. of China (NYSE:ACH), China Unicom (NYSE:CHU) and Cnooc (NYSE:CEO) all gained more than 1% on the day while Longtop Financial (NYSE:LFT) caps the winners with a gain of 1%.

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The losers weren't much more exciting, but it was a glum day for solar stocks, led by a plunge of almost 7% for JA Solar (Nasdaq:JASO). Suntech Power (NSYE:STP) followed with a drop of 4%. Yingli Green Energy (NYSE:YGE) slipped by 3.25% while Trina Solar (NYSE:TSL) lost 2.3%. LDK Solar (NYSE:LDK) wasn't immune as that name shed almost 1.3%.

Baidu (Nasdaq:BIDU) was the worst non-solar loser, slipping by 3.7%. Semiconductor Manufacturing International (NYSE:SMI) lost 1.4% while Mindray Medical (NYSE:MR) and Synutra (Nasdaq:SYUT) each dipped by 1.3%. Ctrip.com (Nasdaq:CTRP) rounds out the large-cap losers with a drop of 0.63%.

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It was also a pretty calm day for Chinese small-caps with just one double-digit winner. That honor goes to Winner Medical Group (Nasdaq:WWIN),which surged almost 16% on volume that was nearly five times the daily average after the company announced the promotion of a new brand yesterday. General Steel (NYSE:GSI) followed with a pop of almost 9%.

Zhongpin (Nasdaq:HOGS) surged 7.55% while Vimicro International (Nasdaq:VIMC) added 6.7%. China Nepstar Chain Drugstore (NYSE:NPD) and UTStarcom (Nasdaq:UTSI) each gained more than 5% on the day. China Precision Steel (Nasdaq:CPSL) was another steel winner, jumping 4.9%. Cogo Group (Nasdaq:COGO) and Sutor Technology (Nasdaq:SUTR) both gained around 4.7%. ChinaCast Education (Nasdaq:CAST) rounds out the small-cap winners with a pop of 3.8%.

The losers were once again manageable. China Natural Resources (Nasdaq:CHNR) was the worst of the group, slipping 6.7%. China Technology (Nasdaq:CTDC) dropped 4.6% and Noah Education (NYSE:NED) gave up 4.1%. American Dairy (NYSE:ADY) dipped by 3.9% while China Architectural Engineering (Nasdaq:CAEI) lost 3.3%.

Tongxin International (Nasdaq:TXIC) and Gushan Environmental (NYSE:GU) each lost more than 3%. eLong (Nasdaq:LONG) shed 2.9% and China Sunergy (Nasdaq:CSUN) dipped by 2.4%. China BAK Battery (Nasdaq:CBAK) completes the list of losers with a drop of just 1.6%.



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