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China stocks on the move before Memorial Week

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forecast1 May 27, 2014 (Chinavestor) Before trading begins this short week, it's important to look back to the week before to find some clues about what may be coming. One of the firsts observation is that Baidu Inc. (NASDAQ:BIDU) ended the week on a high note. The stock jumped more than $4.0, the most among major Chinese ADRs. What's also important is that BIDU did the same on Wednesday - see second chart on the page. All told, BIDU advanced $12.86 or 8.31% last week!

Sina Corp. (NASDAQ:SINA) followed BIDU closely on Friday but did missed out on Wednesday. As a matter of fact, SINA's first quarterly earnings need still be digested. The stock fell from $48 to $43 on earnings concern before recovering some of the losses on Friday. SINA is off $1.15 or 2.41% for the week altogether.

These two stocks, SINA and BIDU, stick out of the chart below. When it comes to declines, 51job Inc. (NASDAQ:JOBS) is suffering but is nearly not as dramatic of a move. See chart below for details.

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