November 14, 2013 (Chinavestor) China stock investors profited from oversold Sina Corp. (NASDAQ:SINA) on Wednesday. The stock was the most oversold China ADR earlier the week and it was ripe for a bounce. Not surprisingly, Sina rocked the boat along with SouFun Holdings (NYSE:SFUN) and Baidu.com Inc. (NASDAQ:BIDU).
Size of bubble represents market cap on the following chart.
When it comes to big losers of the day, Sinopec (NYSE:SNP) is on top. This stock enjoyed a superb ride earlier the month and was ripe for profit taking. But damages were not limited to SNP but swept through the entire oil sector as the following chart suggests. CNOOC Ltd. (NYSE:CEO) and Petrochina (NYSE:PTR) fell hard among other Chinese stocks.