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China ADR Wrap October 20, 2010

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advance5October 20, 2010 (Chinavestor) – Wednesday's trade was quite a departure from what we saw on Tuesday as Chinese stocks slowed significantly with the Shanghai Composite (SHA:000001) barely moving to the upside and the Hang Seng suffering a small loss. In the U.S., stocks erased almost all of yesterday's big plunge as both the Dow Jones Industrial Average and the S&P 500 both jumped more than 1%. Our trio of China-specific ETFs enjoyed a solid day with the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) jumping 1.6%. The iShares/FTSE China 25 Index (NYSE:FXI) popped more than 2% while the Guggenheim China SmallCap ETF (NYSE:HAO) added 1.4%.

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Impressive gainers were hard to come by in the large-cap space yesterday, but there was no such problem today. Sinopec Shanghai Petrochemical (NYSE:SHI) led the party with a strong volume jump of almost 7%. Melco Crown Entertainment (Nasdaq:MPEL) followed with a pop of 6.4% while China Yuchai International (NYSE:CYD) also added more than 6%.

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It was a good day China Life Insurance (NYSE:LFC), which surged 5.6%. JA Solar (Nasdaq:JASO) put in some good work, adding more than 5%. Semiconductor Manufacturing International (NYSE:SMI) was the only other large-cap to gain more than 4% on the day. FocusMedia (Nasdaq:FMCN) and Silvercorp Metals (NYSE:SVM) both added around 3.6% while Trina Solar (NYSE:TSL) and China Southern Airlines (NYSE:ZNH) both gained 3.2% to cap the winners.

The losers were not bad at all. Huaneng Power (NYSE:HNP) was the worst offender, shedding 2.8%. China Real Estate Investment (Nasdaq:CRIC) tumbled by 1.6% while Suntech Power (NYSE:STP) gave up 1.5%. Baidu (Nasdaq:BIDU) dropped 0.8% on the day and E-House (NYSE:EJ) lost almost 0.3%.

Synutra International (Nasdaq:SYUT), City Telecom (Nasdaq:CTEL) and China Mobile (NYSE:CHL) all shed about 0.2% to round out the losers.

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It was a far better day for Chinese small-caps as well. Qiao Xing Universal (Nasdaq:XING) led the way with a pop of more than 21%. China Natural Resources (Nasdaq:CHNR) added more than 15% while China Technology Development (Nasdaq:CTDC) moved higher by more than 10%.

AirMedia (Nasdaq:AMCN) put in a nice day, jumping by 9.7% while Qiao Xing Mobile (NYSE:QXM) surged 8.5%. WSP Holdings (NYSE:WH) enjoyed one of its better days in a while with a pop of 8%. China-Biotics (Nasdaq:CHBT) added 6.4% and AgFeed Industries (Nasdaq:FEED) tacked on 5.6%. China Medical Technologies (Nasdaq:CMED) was no joke, jumping 4.2% while China Architectural Engineering (Nasdaq:CAEI) got a boost of almost 4% to cap the winners.

The losers were tolerable today with Tiens Biotech (AMEX:TBV) being the worst offender with a loss of 4.9%. VisionChina Media (Nasdaq:VISN) slumped by 4.7% and Gushan Environtmental Energy (NYSE:GU) also lost more than 4%. Global Sources (Nasdaq:GSOL) slumped by 3% and China Integrated Energy (Nasdaq:CBEH) dropped 2.6%.

GigaMedia (Nasdaq:GIGM) shed 1.5% while American Dairy (NYSE:ADY) and ATA Inc. (Nasdaq:ATAI) both dipped by 1.2%. China Green Agriculture (NYSE:CGA) lost almost the same amount. China Finance Online (Nasdaq:JRJC) lost just about 0.9% to round out the losers.



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