Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

China ADR Wrap October 22, 2010

E-mail Print PDF

buy_sell_hold_icon October 22, 2010 (Chinavestor) – The end of the week brought little to cheer about for Chinese stocks as both the Shanghai Composite Index (SHA:000001) and the Hang Seng Index (INDEXHANGSENG:.HSI) dealt with small losses. It was a mixed bag in the U.S. as the Nasdaq continued its leadership, but the S&P 500 eked out a small gain while the Dow Jones Industrial Average (INDEXDJX:.DJI) suffered a small set-back.

Key Chinese ETFs or the day included the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ), the Guggenheim China SmallCap ETF (NYSE:HAO) for small caps and the iShares/FTSE China 25 Index (NYSE:FXI)for large caps.

end_20101022_index

Speaking of small gain, that's exactly what the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) produced, but the Guggenheim China SmallCap ETF (NYSE:HAO) produced a small loss and the iShares/FTSE China 25 Index (NYSE:FXI) slumped by 1%.

end_20101022_etf

Looking at the large-caps, it was a great day to be a Chinese Internet name as Baidu (Nasdaq:BIDU) jumped 4.7% after Thursday's earnings report. Today it was some analyst price target increases helping the stock along. That helped rival Sohu.com (Nasdaq:SOHU) surge 5.2%. New Oriental Education (NYSE:EDU) was next in line with a pop of 4.6%.

end_20101022_lc

Suntech Power (NYSE:STP) was the day's solar leader with a gain of 3.6%. Changyou.com (Nasdaq:CYOU) notched a solid gain of 3.4%. Sina (Nasdaq:SINA), China Southern Airlines (NYSE:ZNH) and VanceInfo Technologies (NYSE:VIT) all added more than 3% on the day. AsiaInfo Linkage (Nasdaq:ASIA) was no slouch with a gain of 2.8% and City Telecom (Nasdaq:CTEL) added 2.7% to cap the winners.

The losers were quite boring today with the worst of the lot being China Telecom (NYSE:CHA), which gave up 2.6%. Both China Telecom (NYSE:CHA) and Aluminum Corp. of China (NYSE:ACH) weighted down the iShares/FTSE China 25 Index (NYSE:FXI) for the day. Aluminum Corp. of China (NYSE:ACH) and E-House (NYSE:EJ) both dropped 2.17%. China Life Insurance (NYSE:LFC) tumbled by almost 1.9% while Sinopec (NYSE:SNP) slipped by 1.8%. The “other” Sinopec, Sinopec Shanghai Petrochemical (NYSE:SHI) lost 1.5%.

LDK Solar (NYSE:LDK) dropped almost 1.7% while Semiconductor Manufacturing International (NYSE:SMI) declined by 1.4%. China Unicom (NYSE:CHU) lost 1.3% and WuXi PharmaTech (NYSE:WX) rounds out the losers with a drop of 0.9%.

end_20101022_sc

It was a pretty benign day for the small-cap winners as well with Gushan Environmental (NYSE:GU) leading the way with a gain of just 9.3%. China Housing & Land Development (Nasdaq:CHLN) popped 6.1%. China Architectural Engineering (Nasdaq:CAEI) and Xinhua Sports & Entertainment (Nasdaq:XSEL) both gained 5% or a bit more.

Tiens Biotech (AMEX:TBV) and Sutor Technology (Nasdaq:SUTR) both added 4.4% while UTStarcom (Nasdaq:UTSI) and AirMedia (Nasdaq:AMCN) both jumped 4.2%. It was a good day on the farm as AgFeed (Nadaq:FEED) surged 3.9% and Zhongpin (Nasdaq:HOGS) added 3.7%.

Friday didn't deliver much in the way of big losers for Chinese small-caps as was reflected in the dismal performence of the Guggenheim China SmallCap ETF (NYSE:HAO). Qia Xing Universal (Nasdaq:XING) was the worst of the lot with a drop of 8%. China Green Agriculture (NYSE:CGA) and HQ Sustainable Maritime Industries (AMEX:HQS) both shed more than 4%. China Grentech (Nasdaq:GRRF) was lower by 3.5% and Chia BAK Battery (Nasdaq:CBAK) also lost more than 3%.

It wasn't a bright day for biotechs as 3SBio (Nasdaq:SSRX) and Sinovac Biotech (Nasdaq:SVA) both shed more than 2%. Xinyuan Real Estate (NYSE:XIN) slipped by almost 1.7% and Origin Agritech (Nasdaq:SEED) tumlbed by 1.6%. China Information Technology (Nasdaq:CNIT) caps the Friday losers with a drop of 1.45%



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!