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JOBS, SFUN, SOHU, BIDU plunge on Thu

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decline_8 April 3, 2014 (Chinavestor) Chinese stocks suffered another blow in April while investors hedged bets and moved away from riskier asset types. The Dow Jones was virtually unchanged but the NASDAQ fell 38.42 points or 0.91%. Facebook Inc. (NASDAQ:FB) was among those that weighted down the index. Back to Chinese listings on the NYSE and NASDAQ. The China ADR Index, compiled by Chinavestor, fell 0.34% to 695.84 points. NASDAQ listings led the decline while larger cap NYSE listed Chinese stocks remained resilient.

51job Inc. (NASDAQ:JOBS), Sohu.com Inc. (NASDAQ:SOHU) and industry leader Baidu Inc. (NASDAQ:BIDU) fell the hardest among NASDAQ listed China plays. JOBS fell over $5 for the day while BIDU and SOHU declined more than $3. SouFun Holdings (NYSE:SFUN) showed little resistance and fell $5.12 or 6.84%. 58.com Inc. (NYSE:WUBA) plunged $3.25 or 7.14% and 500.com Ltd. (NYSE:WBAI) declined $1.90 or 4.75%. Sina Corp. (NASDAQ:SINA) and NetEase Inc. (NASDAQ:NTES) made also among the worst ten China plays of the day.

Ctrip.com Intl. (NASDAQ:CTRP) was a bright star of the day thanks to a $.71 advance. Second best China play, China Automotive Systems (NASDAQ:CAAS) advanced a mere $.34...

To see how these and other stocks did on April 3rd, Thursday, see chart below. Remember, bubble size indicates market capitalization.

 

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