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Weekly China ADR Wrap August 23-27, 2010

Weekly China ADR Wrap August 23-27, 2010

August 28, 2010 (Chinavestor) – The third time, or shall we say third week, was not the charm for stocks in the U.S. and Hong Kong as Dow Jones Industrial Average, S&P 500 and the Hang Seng all slid to their third-consecutive weekly losses. It wasn't much better in China as the Shanghai Composite (SHA:000001) lost 1.2% on the week. Overall, this was one of the worst weeks in months for emerging markets equities and the developed world offered little shelter from the storm.

Key stocks mentioned in this rerport include Trina Solar (NYSE:TSL), Asia-Info Linkage (Nasdaq:ASIA)  Sohu.com (Nasdaq:SOHU) and Mindray Medical (NYSE:MR) among large caps and Aluminum Corp. of China's (NYSE:ACH), Shanda Interactive (Nasdaq:SNDA) and Home Inns & Hotels Management (Nasdaq:HMIN) out the large-cap losers.

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Weekly China ADR Wrap August 16-20, 2010

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Weekly China ADR Wrap August 16-20, 2010

August 21, 2010 (Chinavestor) – Chinese and U.S. stocks are still joined at the hip in some fashion and that much was evident at the end of the week as the Hang Seng Index (INDEXHANGSENG:.HSI), the Shanghai Composite Index (SHA:000001) and the Dow Jones Industrial Average (INDEXDJX:.DJI) all finished Friday in the red. The culprit was probably a spate of weak economic data out of the States, confirming the notion that all is not well with the U.S. economy.

Looking at the large-cap winners, Netease.com (Nasdaq:NTES) led the way with a weekly gain of more than 12%. The stock was helped by a strong earnings report, an HSBC upgrade and a bullish piece in Barron's. That helped lend a hand to rival Shanda Games (Nasdaq:GAME), which popped by 6.2%.

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Weekly China ADR Wrap August 9-13, 2010

Weekly China ADR Wrap August 9-13, 2010
August 14, 2010 (Chinavestor) – This was a week to be forgotten in both New York and Shanghai. Concerns about the growth outlook and recovery in both the U.S. and China weighed on stocks all over the world. Tumbling oil prices, weak earnings reports and rising jobless claims put a damper on risk appetite and that sent the S&P 500 cascading to its biggest loss in five weeks. The Dow Jones Industrial Average lost 3.3% while the Hang Seng and Shanghai Composite (SHA:000001) really didn't elicit much excitement either as each found their way to small losses on the week.

It was a terrible week for the ETFs that we track here at Chinavestor. The iShares/FTSE Xinhua China 25 Index (NYSE:FXI) shed more than 5% while the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) lost more than 4%. Small-caps were only moderately better with the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) losing a tad under 4%.

Most Chinese ADRs were truly unimpressive as the lone double-digit winner for the week was AirMedia Group (Nasdaq:AMCN), which finished higher by 19.5%. All of that gain was attributable to a 23% pop enjoyed by the stock on Friday following Wednesday's earnings update and a Thursday upgrade.

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China Weekly ADR Wrap August 2-6, 2010

China Weekly ADR Wrap August 2-6, 2010

August 7, 2010 (Chinavestor) – Bolstered by strong earnings reports and easing concerns about Chinese bank stress tests, emerging markets stocks headed higher for a third straight week as the Hang Seng Index (INDEXHANGSENG:.HSI) and Shanghai Composite Index (SHA:000001) built on July's gains. U.S. stocks were lower in three of the week's five trading days, but overall the Dow Jones Industrial Average and S&P 500 were higher on the week, despite Friday's disappointing labor report.

Selected Chinese stocks of the week: Trina Solar (NYSE:TSL), Shanda Games (NASDAQ:SNDA), China Sunergy (NASDAQ:CSUN) and Sina Corp. (NASDAQ:SINA).

Taking a look at Chinese large-caps, after enduring a sound thrashing last week, the solar sector was back in the green this week, led by LDK Solar (NYSE:LDK), which popped by almost 14%. The company delivers its next earnings report on Tuesday. Trina Solar (NYSE: TSL) and JA Solar (Nasdaq:JASO) took part in the solar rally as each gained more than 9% on the week. Suntech Power (NYSE:STP) was the laggard of the group, shedding more than 4%.

It was another week of inconsistencies for online gaming companies. Perfect World (Nasdaq:PWRD) surged more than 10%, Shanda Games (Nasdaq:GAME) gained almost 10% and Shanda Interactive (Nasdaq:SNDA) added almost 7%, but Giant Interactive (NYSE:GA) could only muster a gain of less than 1%.

Technology names were strong with VanceInfo Technologies (NYSE:VIT) adding more than 8%. Baidu (Nasdaq:BIDU), China's largest provider of Web search services, gained over 6%. 51job (Nasdaq:JOBS) rounds out the large-cap winners with a weekly gain of 5.73%.

By comparison, the losers were fairly tame this week. E-House (NYSE:EJ) shed almost 3.7% on news of China's planned stress tests on banks. Commodities names were just average as Aluminum Corp. of China (NYSEE:ACH) dropped almost 2.7%. China Telecom (NYSE:CHA), China Life Insurance (NYSE:LFC) and Guangshen Railway (NYSE:GSH) all booked small losses on the week.

Small-caps worked through a volatile week, as winners outpaced losers by a small margin on a percentage basis. Agria (NYSE:GRO) surged almost 19% on no news. The Agria (NYSE:GRO) helped boost Origin Agritech (Nasdaq:SEED) by 9.6%. Nam Tai Electronics (NYSE:NTE) put in an impressive run of 12%. Some decent action in oil futures helped WSP Holdings (NYSE:WH) to a gain of almost 11%.

China Medical Technologies (Nasdaq:CMED) also performed admirably, adding nearly 11% as well. Investors cheered earnings news from China Integrated Energy (Nasdaq:CBEH), which rallied by almost 10% on the week. China-Biotics (Nasdaq:CHBT) popped by almost 9%. China Housing & Land Development (Nasdaq:CHLN) shrugged off the stress test news to pack on 8.77% on the week. General Steel (NYSE:GSH) and Rino International (Nasdaq:RINO) both gained more than 8%.

Among small-cap losers, China Architectural Engineering (Nasdaq:CAEI) was hammered to the tune of 13.46% on no news. China Infrastructure Investigation (Nasdaq:CIIC) and Global Sources (Nasdaq:GSOL) each lost around 12.6%. Xinhua Sports & Entertainment (Nasdaq:XSEL) continued to be home to some bearish trade, shedding 8% on the week.

Qia Xing Mobile (NYSE:QXM) was rocked by almost 8% on no news while VisionChina Media (Nasdaq:VISN) extended its bearish ways, losing nearly 7%. Jinpan International (NYSE:JST), China Natural Resources (NYSE:CHNR) and BMP Sunstone (Nasdaq:BJGP) all declined by more than 6%. China Information Technology (Nasdaq:CPBY) rounds out the losers, with a drop of almost 6%.

Weekly China ADR Wrap July 26-30, 2010

Weekly China ADR Wrap July 26-30, 2010
July 31, 2010 (Chinavestor) – July ended on a lukewarm note for both U.S. and Chinese stocks on Friday, but it's impossible to deny it was a strong month for equities on both sides of the Pacific. Asian stocks finished higher for the fourth straight week with the Hang Seng gaining 1% on the week and the Shanghai Composite (000001:SHA) moving higher by 2.6%. U.S. stocks closed lower on the week, but the S&P 500 notched its best monthly gain since July 2009. It was the first month the index closed higher since April.
According to the first chart, measuring the performance of Chinese stocks with market cap over $500 million, China Eastern Airlines (NYSE:CEA), China Southern Airlines (NYSE:ZNH)  shined among airliners while Changyou.com (Nasdaq:CYOU), (Nasdaq:NTES), Sohu.com (NASDAQ:SOHU) and Baidu.com (NASDAQ:BIDU) did best among internet stocks.
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