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China ADR Wrap October 14, 2010

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advance5 October 14, 2010 (Chinavestor) – Well, it was a good day for Chinese stocks at least, as the Shanghai Composite (SHA:000001) extended its bull run, gaining 0.6%. The Hang Seng continues to impress with a jump of almost 1.7%. All three major U.S. indexes were in the red today, but only by small margins. It was a mixed bag for our three China-specific ETFs as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the Claymore/AlphaShares China SmallCap ETF (NYSE:HAO) both posted small losses, but the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) notched a small gain.

Key stocks besides solar for today include Silvercorp Metals (NYSE:SVM), CNOOC Ltd. (NYSE:CEO), Sinopec Shanghai Petrochemical (NYSE:SHI) and Longtop Financial (NYSE:LFT)

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The large-cap winners list is dominated by commodities and solar names. Silvercorp Metals (NYSE:SVM) leads the way with a gain of almost 6%. JA Solar (Nasdaq:JASO) and Suntech Power (NYSE:STP) both jumped more than 3% while LDK Solar (NYSE:LDK) and Yingli Green Energy (NYSE:YGE) both gained just over 2.4%.

Cnooc (NYSE:CEO) posted a solid gain of 2.9% while Sinopec Shanghai Petrochemical (NYSE:SHI) added 1.9%. Longtop Financial (NYSE:LFT) gained almost 1.1% while Home Inns & Hotels Management (Nasdaq:HMIN) popped 0.9% to round out the winners.

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The losers weren't too extreme today. Perfect World (Nasdaq:PWRD) was the worst of the bunch, dropping almost 4.3%. China Southern Airlines (NYSE:ZNH) gave up nearly 4% while rival China Eastern (NYSE:CEA) slipped by almost 3.4%. Mindray Medical (NYSE:MR) shed 3.7% on the day.

Other online plays were weak as well. Focus Media (Nasdaq:FMCN) slipped by nearly 3% while Baidu (Nasdaq:BIDU) and Changyou.com (Nasdaq:CYOU) each lost about 1.8%. Melco Crown Entertainment (Nasdaq:MPEL) and Semiconductor Manufacturing International (NYSE:SMI) cap the losers with declines of more than 2% each.

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Among the small-caps, China Digital TV (NYSE:STV) led the way with a surge of more than 11% on volume that was better than six times the daily average. There was no news to explain the move. China Information Technology (Nasdaq:CNIT) put in a strong volume jump of nearly 8%. Noah Education (NYSE:NED) surged 6.7% while UTStarcom (Nasdaq:UTSI) added 3.6%. Zhongpin (Nasdaq:HOGS) gained 3.5%.

Rino International (Nasdaq:RINO) was another winner to add more than 3%. HQ Sustainable Maritime Industries (AMEX:HQS) popped by 2.7%. Acorn International (NYSE:ATV), Cogo Group and Agria (NYSE:GRO) all gained more than 1.6%, but less than 2% to round out the small-cap winners.

It wasn't an awful day for the losers as Tiens Biotech (AMEX:TBV) led that group with a decline of 9.1%. China Technology Development (Nasdaq:CTDC) shed 6.1% while American Dairy (NYSE:ADY) lost 4.6%. China Integrated Energy (Nasdaq:CBEH) and KongZong (Nasdaq:KONG) slipped by 4.5% each.

China Sky One Medical (Nasdaq:CSKI) was another healthcare-related name to struggle today, giving up almost 4%. China Housing & Land Development (Nasdaq:CHLN) slumped by 3.7% while Jinpan International (Nasdaq:JST) dropped by 3.2%. China Infrastructure Investment (Nasdaq:CIIC) and AgFeed (Nasdaq:FEED) both slipped by 3.3% to cap the losers.



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