January 7, 2015 (Chinavestor)The Dow Jones Industrial Average (INDEXDJX:.DJI) dropped from 18,000 to under 17,300 yesterday before reversing course later on Tuesday. Wednesday is another step to the right direction, the Dow is up 150 points at 10:00 A.M. The question is this: which Chinese stocks do best on big market days? The answer is this: Autohome Inc. (NYSE:ATHM), Bitauto Holdings (NYSE:BITA) and NetEase.com Inc. (NASDAQ:NTES).
For the record. Autohome Inc. (NYSE:ATHM) advanced $2.62 or 7.28% after 30 minutes of trading. Bitauto Holdings (NYSE:BITA) is up $4.37 or 5.77% to $80.08. Finally, internet giant NetEase Inc. (NASDAQ:NTES) rose $4.71 or 4.66%.
When it comes to large players, Alibaba (NYSE:BABA) has been trading sideways and is heading south as we speak. BABA tested the $100 resistance level yesterday and fought it off. This time it may be different though. Baidu Inc. (NASDAQ:BIDU), China's search engine giant, is up $4.60 to $224.7 right at this moment. Given that neither BABA nor BIDU advanced more than 3% this morning they are off the following table.