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Many foreign stocks that trade as ADRs in the US have fallen heavily in-line with their home country’s market performance. In order to identify the ADRs that are down more than 80% year-to-date, I ran the screener and ended up with the 38 stocks listed below.

Foreign ADR Stocks Down > 80%

Company Ticker Closing Price (November 14,2008) Year-To-Date Change (%) Sector Country
Qimonda QI $0.13 -98.18% Tech.Hardware&Equip. Germ.
Corgi International CRGI $0.13 -94.14% Leisure Goods Hong Kong
Spreadtrum Communications SPRD $0.80 -93.47% Tech.Hardware&Equip. China
Gentium GENT $0.97 -93.03% Pharma. & Biotech. Italy
Royal Bank of Scotland RBS $15.36 -91.20% Banks U.K.
Thomson TMS $1.27 -90.94% Media France
Bank of Ireland IRE $5.70 -90.57% Banks Ireland
Yingli Green Energy YGE $3.97 -89.74% Alternative Energy China
China GrenTech GRRF $0.99 -88.80% Tech.Hardware&Equip. China
China Eastern Airlines CEA $11.55 -88.17% Travel & Leisure China
JA Solar JASO $2.80 -87.97% Alternative Energy China
Focus Media FMCN $6.99 -87.70% Media China
Gol Linhas Aereas Inteligentes GOL $3.20 -87.11% Travel & Leisure Brazil
Suntech Power STP $10.75 -86.94% Alternative Energy China
Silicon Motion Technology SIMO $2.35 -86.78% Tech.Hardware&Equip. Taiwan
Aracruz Celulose ARA $10.00 -86.55% Forestry & Paper Brazil
China Techfaith Wireless Communication CNTF $0.84 -85.52% Tech.Hardware&Equip. China
Nortel Invesora NTL $3.01 -85.17% Fixed Line Telecom. Argen.
GRUMA GMK $2.00 -85.04% Food Producers Mexico
Edenor EDN $3.40 -84.55% Electricity Argen.
Alumina AWC $3.42 -84.52% Indust.Metals&Mining Aus.
China Southern Airlines ZNH $6.80 -84.41% Travel & Leisure China
Allied Irish Banks AIB $7.26 -84.20% Banks Ireland
Solarfun Power SOLF $5.29 -83.80% Alternative Energy China
Genesis Lease GLS $3.10 -83.48% IndustrialTransport. Ireland
Ternium TX $6.64 -83.45% Indust.Metals&Mining Argen.
Xinyuan Real Estate XIN $2.38 -83.27% Real Estate Inv&Serv China
Xinhua Finance Media XFML $1.02 -83.00% Media China
Sterlite Industries SLT $4.44 -82.97% Indust.Metals&Mining India
Wimm-Bill-Dann Foods WBD $22.52 -82.81% Food Producers Russia
Trina Solar TSL $9.43 -82.47% Alternative Energy China
Mechel Steel MTL $5.80 -82.09% Indust.Metals&Mining Russia
Woori Finance WF $10.81 -81.87% Banks Korea
China Sunergy CSUN $3.03 -81.66% Alternative Energy China
China Nepstar Chain Drugstore NPD $3.33 -81.06% Food &Drug Retailers China
Cemex CX $5.14 -80.12% Construct.&Materials Mexico
SIFY SIFY $1.05 -80.11% Software&ComputerSvc India

Analysis

1. The worst loser among the British banks is the Royal Bank of Scotland (NYSE:RBS) which is down 91.20%. The stock recently reached a low of $0.95. On November 7, the management did a reverse split in the ratio of 20:1. More details on this split can be found here.

2. It is not surprising to see 15 China stocks in this group since the Shanghai Index is down over 60% year-to-date.

3. Two food producers (GMK, WBD) made it to this list though the cost of food has increased considerably worldwide in the last few months.

4.Only two Brazilian stocks are down over 80% year-to-date.

5.Some of the stocks that are under $1 and close to being under $1 might have reverse splits in the future to satisfy listing requirements.

Note: Please note that the data used for calculation is thought to be accurate but not guaranteed. Do your own research before making any investment decisions.

Disclosure: Long RBS

Source: 38 Foreign ADRs Down More Than 80% YTD