Chinese Sectors Among Worst Hit In U.S. Equity Sell-Off (SOL, SOLF, CSIQ, JASO, GRO, YONG, CGA, SORL, CAAS, GIGM, GSOL)

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CHINA ADRS COVERAGE

Stocks and ADRs based in China and Hong Kong

• China Stocks Slide On Possibility Of Another Rate Hike (CEO, PTR, CTRP, TSL, LDK, YGE)
• Chinese ADRs Falter On More Tightening Fears (PTR, SNP, PUDA, YZC, CEA, ZNH, BIDU, LFC)
• Rate Hike an Ugly Holiday Gift for Chinese ADRs (BIDU, CTRP, DANG, CEO, PTR, PUDA, YZC, JASO, LDK, TSL)

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CHINA ADRS METRICS

Avg. Market Cap:	$7.5B
Avg. P/E Ratio:	16.7
Avg. Div Yield:	0.4%

U.S.-listed China shares took it on the chin on Wednesday with select sub-sectors plummeting by more than -5%. Reuters reports that stocks in Hong Kong closed at their lowest in more than three months in response to Germany’s move to tighten financial regulation, and Shanghai shares fell to a two-month low. As a whole, tickerspy’s China Stocks and ADRs Index, which currently tracks the aggregate performance of 164 Chinese firms, is off by more than -2% today, and it has now underperformed the S&P 500 by more than -13% over the last month.

ReneSola (SOL) is currently leading the Chinese Solar Stocks Index lower with a -12% sell-off. Meanwhile, Solarfun Power Holdings (SOLF), Canadian Solar (CSIQ), and JA Solar Holdings (JASO) are also falling sharply for the session, and more than half of the Index’s components are now down by more than -20% over the last month.

The Chinese Agriculture Stocks Index is also a laggard for the session, dropping by -6.5% on sharp declines by Agria (GRO), Yongye International (YONG), and China Green Agriculture (CGA), among others.

Despite booming auto sales in 2009, and lofty forecasts for continued growth early this year, the Chinese Auto Parts Stocks Index has now slipped below the S&P 500 on a six-month basis. Individual components are mixed for the period with SORL Auto Parts (SORL) and China Automotive Systems (CAAS) hanging in positive territory, but none avoided Wednesday’s sell-off.

Elsewhere in the broad China Stocks and ADRs Index, online gaming player Gigamedia (GIGM) and business-to-business media firm Global Sources (GSOL) are among rare winners for the session.

Tags: CAAS, CGA, CSIQ, GIGM, GRO, GSOL, JASO, SOL, SOLF, SORL, YONG