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China ADR Wrap October 7, 2010

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balance October 7, 2010 (Chinavestor) – While the Shanghai Composite (SHA:000001) remained closed today and the Hang Seng notched a small gain, investors on the other side of the Pacific showed their nervousness ahead of tomorrow's jobs report and the results weren't pretty as the Dow Jones Industrial Average (INDEXDJX:.DJI) and the S&P 500 both finished the day in the red. To its credit, the Nasdaq eked out a small gain.

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Things weren't much better for our trio of China-specific ETFs. The iShares/FTSE Xinhua China 25 Index (NYSE:FXI) and the Guggenheim China SmallCap ETF (NYSE:HAO) both slid by more than 0.8% while the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) lost 0.4%.

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It was not an impressive day for Chinese large-caps. JA Solar (Nasdaq:JASO) led the way with a pop of more than 6% and that helped Trina Solar (NYSE:TSL) to gain of almost 1.8%. Believe it or not, there is a huge void in between JA Solar and Sina (Nasdaq:SINA), which gained just 1.8%. That's right, Sina (Nasdaq:SINA) is the second-best large-cap performer today.

China Yuchai (NYSE:CYD) and Melco Crown Entertainment (Nasdaq:MPEL) each gained around 1.3%. China Eastern Airlines (NYSE:CEA) and Longtop Financial (NYSE:LFT) both added 1%. Ctrip.com (Nasdaq:CTRP) and Huaneng Power (NYSE:HNP) round out the large-cap winners with moves of just under 1% each.

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On the bright side, the losers were easy to deal with today. China Real Estate Investment (Nasdaq:CRIC) led the way there with a slide of nearly 5%. Focus Media (Nasdaq:FMCN) and CNinsure (Nasdaq:CISG) both lost more than 4%. 51job (Nasdaq:JOBS) dipped by 3.6%.

China Unicom (NYSE:CHU), Aluminum Corp. of China (NYSE:ACH) and Silvercorp Metals (NYSE:SVM) all lost more than 2% on the day. Synutra (Nasdaq:SYUT) tumbled by 1.9%. It wasn't a good day for oil names Cnooc (NYSE:CEO) lost 1.6% and Sinopec (NYSE:SNP) slid by 1.7%.

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The small-cap world brought us a little more excitement today as Gushan Environmental (NYSE:GU) led the way with a surge of almost 12% on volume that was nearly five times the daily average. There were no headlines to prompt the move. China Sky One Medical (Nasdaq:CSKI) followed with a jumped of almost 8.3%. Noah Education (NYSE:NED) and Sinovac Biotech (Nasdaq:SVA) both surged by more than 6%.

eLong (Nasdaq:LONG) and Zhongpin (Nasdaq:HOGS) each added more than 5%. Agria (NYSE:GRO), China Architectural Engineering (Nasdaq:CAEI) and China BAK Battery (Nasdaq:CBAK) all moved higher by more than 4%. China Sunergy (Nasdaq:CSUN) rounds out the small-cap winners with a gain of almost 3.9%.

The losers weren't too bad as China Precision Steel (Nasdaq:CPSL) slumped by almost 6.4%. China Grentech (Nasdaq:GRRF), VisionChina Media (Nasdaq:VISN) and Xinhua Sports & Entertainment (Nasdaq:XSEL) all lost at least 4%, but no more than 4.3% on the day. China Infrastructure Investment (Nasdaq:CIIC) gave up 3.8%.

China Green Agriculture (NYSE:CGA) tumbled by 3.5% while China Technology (Nasdaq:CTDC) and Tongxin International (Nasdaq:TXIC) both lost about 3.15% on the day. Origin Agritech (NYSE:SEED) was another weak ag name, slipping 2.8%. China Nepstar Chain Drugstore (NYSE:NPD) caps the losers with a decline of almost 2.5%.



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