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China ADR Wrap October 13, 2010

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money8 October 13, 2010 (Chinavestor) – Wednesday was a day spent in the green for Chinese and U.S. stocks as another round of robust economic data helped the Shanghai Composite (SHA:000001) extend its bull market rally with a gain of 0.7% while the Hang Seng surged almost 1.5%. Earnings reports helped boost all three major U.S. indexes as the Dow Jones Industrial Average and the S&P 500 each gained about 0.7% on the day.

It was a great day for our trio of China-specific ETFs as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) both popped by more than 2%. The Guggenheim China SmallCap ETF (NYSE:HAO) also added more than 2% as it once again moved to a 52-week high.

Key large cap stock of the day included 51job Inc. (NASDAQ:JOBS) and Shanda Games (NASDAQ:GAME) with Perfect World (NASDAQ:PWRD) from the online game spere. Alternative energy Trina Solar (NYSE:TSL) and LDK Solar (NYSE:LDK) did very well as well.

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Looking at the large-caps, 51job (Nasdaq:JOBS) led the way with an incredible surge of more than 20% on volume that was about eight times the daily average, but there were no headlines to explain the move. Perfect World (Nasdaq:PWRD) followed with a gain of almost 12% on volume thtat was better than triple the daily average a day after the company announced beta testing for the “Dragon Excalibur” game.

LDK Solar (NYSE:LDK) jumped almost 11% on volume that was more than triple the daily average. Trina Solar (NYSE:TSL) was in the mix as well, adding almost 4%. Airlines were strong today as China Southern (NYSE:ZNH) surged almost 11% on volume that was nearly 10 times the daily average. China Eastern (NYSE:CEA) followed with a gain of 4%.

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Shanda Games (Nasdaq:GAME) was no slouch, soaring 6% on the day. Home Inns & Hotels Management (Nasdaq:HMIN) also gained 6%. Changyou.com (Nasdaq:CYOU) and Sinopec (NYSE:SNP) both added more than 4% to round out the large-cap winners.

The losers were easy to deal with today as there were no startling declines among the large-caps. AsiaInfo Linkage (Nasdaq:ASIA) slipped by 1.4%. Cnooc (NYSE:CEO) lost 0.6% while Guangshen Railway (NYSE:GSH) gave up about 0.4%. Sohu.com (Nasdaq:SOHU) dropped 0.3%. E-House (NYSE:EJ) lost 0.05% to cap the losers.

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It was a perfect day for small-caps to offer some excitement and that's exactly what they did. Tiens Biotech (AMEX:TBV) surged 10% on volume that was better than double the daily average. Agria added almost 8%. KongZhong (Nasdaq:KONG) jumped 7% while AirMedia (Nasdaq:AMCN) gained 6.7%.

China Natural Resources (Nasdaq:CHNR) and Cogo Group (Nasdaq:COGO) each popped by more than 6%. Winner Medical (Nasdaq:WWIN) and China Information Technology (Nasdaq:CNIT) both jumped more than 5.5%. China BAK Battery (Nasdaq:CBAK) and Wonder Auto Technology (Nasdaq:WATG) each added more than 4% to round out the small-cap winners.

There were losers to deal with today and Xinhua Sports & Entertainment was the worst of the lot, tumbling more than 11% on volume that was more than triple the daily average. Tongxin International (Nasdaq:TXIC) was another strong volume loser, but that name shed less than 4%. WSP Holdings (NYSE:WH) slipped by 2.8%. China Architectural Engineering (Nasdaq:CAEI) lost 2.4% while China Technology Development (Nasdaq:CTDC) lost 2.1%.

A bad day for U.S. for-profit education stocks helped Noah Education (NYSE:NED) drop almost 2% and ChinaEdu (Nasdaq:CEDU) lost almost 1%. VisionChina Media (Nasdaq:VISN) dropped almost 1.4% while China Grentech (Nasdaq:GRRF) gave up 1.3%. China Medical Technologies (Nasdaq:CMED) completes the list of losers with a loss of just 1%.



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