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China ADR Wrap November 4, 2010

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Bull_2 November 4, 2010 (Chinavestor) The DJIA got its mojo back spurring over 200 points for the day as the markets took the FED's actions positively. somewhat surprisingly, Chinese ADRs underperformed the broad market. The iShares FTSE/Xinhua 25 Index ETF (NYSE:FXI), the best Chinese ADR large cap proxy, advanced 1.89% slightly less than the DJIA. Small caps pared even worse, the Guggenheim Small Cap China ETF (NYSE:HAO) rose a modest 1.53% for the day.

Best performing larger cap China stocks, stocks over $250 million in market cap, included Silvercorp Metals (NYSE:SVM) but the solar sector, resource and energy plays did very well, too. JA Solar (NASDAQ:JASO) and LDK Solar (NYSE:LDK) shined the best but investors of Aluminum Corp. of China (NYSE:ACH) and China Mobile (NYSE:CHL) had a reason to cheer, too. CNinsure inc. (NASDAQ:CISG) fell hard on an analyst downgrade spending most of the day in the red.

Some of the best smaller stocks included China Transinfo Technology (NASDAQ:CTFO), AgFeed Industries (NASDAQ:FEED) and Global Sources Ltd. (NASDAQ:GSOL). But the advance was far from universal for agriculture stocks; China Green Agriculture (NYSE:CGA) failed to gain traction.

Large cap stocks ruled on Thursday; Silvercorp Metals (NYSE:SVM) jumped 15.5% on volume six times average. The overbought monitor picked up the stock on Monday, saying that "Silvercorp Metals (NYSE:SVM) is looking strong on the chart below" China small caps get overbought. This was certainly a good call...

JA Solar Holdings (NASDAQ:JASO) surged over 5% on Thursday but is up 12.4% in the last three days alone. Strong energy prices bode well for solar plays, a sector that's becoming increasingly important as earnings season approaches. LDK Solar (NYSE:LDK) and Yingli Green Energy (NYSE:YGE) advanced 4.5% and 4.4%, respectively.

Aluminum Corp. of China (NYSE:ACH), the third largest aluminum maker in the world, surged 4.6% as resource stocks advanced on the weak dollar. This stocks has been highly volatile and is a sound bet when it comes to China's overall growth.

Large cap China Mobile (NYSE:CHL), the largest mobile carrier in the world boosting more subscribers than the entire population of the U.S., advanced 3.15%, the best in four months. All three major Chinese carrier reported earnings at the end of October, giving China Mobile (NYSE:CHL) a chance to shine. The company added the most 3G subscribers YTD and is keeping its leading position intact.

One of the worst stock of the day was CNinsure inc. (NASDAQ:CISG). A Piper Jaffray analyst downgraded the stock to hold from buy, sending it down the tube for the day.

For the rest of the most volatile large cap Chinese stocks today, visit the chart below.

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Small caps didn't do as well as large caps, on average. Nevertheless China Transinfo Technology (NASDAQ:CTFO) broke out with a 10% surge for the day. The advance was almost matched by AgFeed Industries (NASDAQ:FEED) and Global Sources Ltd. (NASDAQ:GSOL), stocks that advanced over 8%, each.  The agriculture sector was particularly hot with stocks like Origin Agritech (NASDAQ:SEED) and Agria Cirp. (NYSE:GRO) advancing 6.02% and 4.97%, respectively. But it wasn't cake walk for the rest of the sector. Fertilizer maker China Green Agriculture (NYSE:CGA) gave up most early morning gains by the end of the day as legal proceedings loom.

Additional volatile stocks from the small cap China universe, see chart below.

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