January 23, 2014 (Chinavestor) Chinese stocks fell along the market on Wednesday, expect for a few well known names. The stock that defied market trend the most was SouFun Holdings (NYSE:SFUN). This stock surged $6.73 or 7.64% on Wednesday amid high volume. The stock just can't stop the rally that has started in the summer and propelled the stock price from the $20 range to just under $95...
And just how much SouFun Holdings (NYSE:SFUN) was out of touch with the rest of the market, see chart below.
The next best stock on Wednesday was Home Inns & Hotels Management (NASDAQ:HMIN) with a $2.19 advance. Larger Baidu Inc. (NASDAQ:BIDU) followed HMIN closely. See chart in green for details.
Youku Tudou (NYSE:YOKU) led Chinese stocks lower for the day. Youku Tudou (NYSE:YOKU) fell %1.49 or 4.60% followed by large cap CNOOC Ltd. (NYSE:CEO). The decline was not universal among Chinese energy stocks, Sinopec (NYSE:SNP) advanced as a matter of fact.
Notable stocks on the decline include but were not limited to 51job inc. (NASDAQ:JOBS) and Yanzhou Coal (NYSE:YZC).