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BIDU, SINA weight on sector

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March 26, 2014 (Chinavestor) Sohu.com Inc. (NASDAQ:SOHU) rose $2.15 or 3.21% on Tuesday, the most among major Chinese listings on the NYSE and NASDAQ. Chinese oil companies continued to advance along with telecom companies like China Mobile (NYSE:CHL) and China Telecom (NYSE:CHA). But Baidu Inc. (NASDAQ:BIDU) fell hard, dragging down the internet sector. Victims of BIDU's fall included Sina Corp. (NASDAQ:SINA), 51job Inc. (NASDAQ:JOBS), and Home Inns & Hotels Management (NASDAQ:HMIN).

Despite a mostly positive market day on Tuesday, the Dow and the S&P advanced while the NASDAQ was flat, most Chinese stocks failed to gain traction. Baidu Inc. (NASDAQ:BIDU) fell $1.33 while internet icon Sina Corp. (NASDAQ:SINA) plunged $2.24. And while Sohu.com Inc. (NASDAQ:SOHU) advanced, that looks like a bounce back after a month of steady declines. Sohu is still down 20% since its peak three weeks ago.

See following chart to assess the most volatile Chinese stocks on Tuesday. Size of bubble indicates market cap.

 

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