March 28, 2014 (Chinavestor) Major US indexes had a bumpy ride on Thursday. And so did Chinese listings on the NYSE and the NASDAQ. The NASDAQ fell as much as 1% by noon before making a significant comeback by the end of the day. Chinese stocks listed there suffered alike. Baidu Inc. (NASDAQ:BIDU) fell as much as $6.5 by noon! Sina Corp. (NASDAQ:SINA), the other large internet portal, fell hard followed by smaller players like Youku Tudou (NYSE:YOKU), NetEase Inc. (NASDAQ:NTES), Sohu.com Inc. (NASDAQ:SOHU) and 500.com (NYSE:WBAI).
See chart of major Chinese listings at noon.
Selected Chinese stocks were able to fight weakness and made a comeback along the market. But not all of them. See second part of the following chart to see how Chinese listings ended the day.
One of the most dramatic change from noon is that Baidu Inc. (NASDAQ:BIDU) is gone from the worst part of the chart. BIDU made a remarkable comeback. Shares of Baidu Inc. (NASDAQ:BIDU) slipped just $1.12 or 0.74% by the end of the day. Sina Corp. (NASDAQ:SINA) actually ended the day in the black!
It wasn't a cake walk for smaller internet stocks though. Youku Tudou (NYSE:YOKU), China's leading online streaming video provider, fell 6.24%. NetEase Inc. (NASDAQ:NTES) dropped $1.31.
Finally, 500.com (NYSE:WBAI), plunged another $3.14 or 8.3% amid heavy volume. The stock has suffered the second worst weekly loss in a month. There is clearly a lack of support for WBAI at this time.