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China ADR Wrap October 26, 2010

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casino_2 October 26, 2010 (Chinavestor) – Mixed earnings reports and lingering concerns over a global currency war kept the major Chinese and U.S. indexes in check today. The Dow Jones Inustrial Average keeps rising, but is doing so in less than impressive fashion. In China, the Hang Seng and the Shanghai Composite (SHA:000001) both dealth with tiny losses. It was a mixed bag for our trio of China-specific ETFs as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) booked a small gain, but the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) took a small loss on the day. The Guggenheim China SmallCap ETF did the same as the $32 area looks like resistance for that ETF.

Some of the best performing large cap stocks on Tuesday were China Eastern Airlines (NYSE:CEA), AsiaInfo-Linkage (Nasdaq:ASIA) and Perfect World (Nasdaq:PWRD. Notable losers included 51 job Inc. (NASDAQ:JOBS),Vision China Media (Nasdaq:VISN) and China Technology Development (Nasdaq:CTDC) from the NASDAQ. Large cap losers included Aluminum Corp. of China (NYSE:ACH), and the third largest Chinese coal miner, Yanzhou Coal (NYSE:YZC).

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Today was pretty tame in terms of finding big percentage movers among Chinese large-caps. Shanda Games (Nasdaq:GAME) and China Eastern Airlines (NYSE:CEA) were the top two gainers today, both adding a bit over 4%. AsiaInfo-Linkage (Nasdaq:ASIA) and Perfect World (Nasdaq:PWRD) followed with gains of about 3.9%. China Yuchai International (NYSE:CYD) was next in line with a gain of 3.3%.

Baidu (Nasdaq:BIDU) continues to impress, popping 2.6% today. China Southern (NYSE:ZNH) flew higher by 2.4% while JA Solar (NYSE:JASO) and Sinopec Shanghai Petrochemical both jumped by about 2.25%. Synutra Interntaional (Nasdaq:SYUT) rounds out the winners with a pop of nearly 2.2%.

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The losers weren't too bad either, but tell that to to Changyou.com (Nasdaq:CYOU), which plungd 6.4% on strong volume after yesterday's glum earnings report. 51Job (Nasdaq:JOBS) slumped by 4.6%. E-House (NYSE:EJ) lost 3.35% and was the only other Chinese large-cap to lose more than 3%. A quarterly loss and some analyst downgrades dragged Aluminum Corp. of China (NYSE:ACH) lower by nearly 3%. Yanzhou Coal (NYSE:YZC) was another materials names dealing with a tough day as those shares gave up 1.9%.

Sohu.com (NYSE:SOHU) slipped 1.5% while Ctrip.com (Nasdaq:CTRP) and Focus Media (Nasdaq:FMCN) both lost 1.4%. Huaneng Power (NYSE:HNP) caps the losers with a drop of 1.1%.

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We can usually count on the small-caps for more excitement than they delivered today. Investors cheered AirMedia's (Nasdaq:AMCN) earnings report as that name surged more than 7% on strong volume. China Integrated Energy (Nasdaq:CBEH) almost gained 7%. Sinovac Biotech (Nasdaq:SVA) was next up, adding nearly 5%. Rival Tiens Biotech (AMEX:TBV) joined in on the fun, buy gaining 3.5% while 3SBio (Nasdaq:SSRX) added 1.65%.

China Architectural Engineering (Nasdaq:CAEI) popped by almost 4% while Acorn International (NYSE:ATV) and American Oriental Bioengineering (NYSE:AOB) both added more than 3%. Actions Semiconductor (Nasdaq:ACTS) was solid with a gain of more than 2.8%. Xinyuan Real Estate (NYSE:XIN) was up by 2% to round out the winners.

The losers were contained as well. Vision China Media (Nasdaq:VISN) was the worst of the lot with a loss of nearly 6%. China Green Agriculture (NYSE:CGA) and GigaMedia (Nasdaq:GIGM) both shed almost 5%. China Technology Development (Nasdaq:CTDC) and UTStarcom (Nasdaq:UTSI) both dropped 4.65%.

Jinpan (NYSE:JST) shed 4.6% while China Biotics (Nasdaq:CHBT) lost 3.3%. China Digital TV (NYSE:STV), China Grentech (Nasdaq:GRRF) and Winner Medical (Nasdaq:WWIN) all slipped by more than 2% to round out the losers.



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