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July was a volatile month for the U.S. markets. The Dow Jones Industrial Average started the month with some big losses, even closing below 11,000 for the first time in two years on July 15th. But since then, the index has reclaimed some of the losses after a pair of strong rallies, fueled by declining oil price. For the month, the Dow rose a meager 0.25%, the NASDAQ rose 1.42% and the broader S&P 500 index declined just about 1%.

During the month, the Shanghai Composite Index (^SSEC) showed some signs of life, briefly going over the 2,900-point mark early in the month before settling at 2,775.72. That’s a gain of 1.45%. The Hang Seng Index (^HSI) also recovered from the deep drop in June, gaining 2.84% in July.

Chinese stocks traded on U.S. exchanges ended the month mixed. Of the 82 Chinese ADRs, 38 finished the month in the positive territory while the other 44 registered losses.

Among the gainers, VisionChina Media (VISN) led the way with a gain of nearly 58% after the company raised its full year guidance. New Oriental Education (EDU) also saw a nice jump of 20% in its share price, followed by ATA (ATAI) and QiaoXing Mobile Communication (QXM).

Losers of the month include Melco PBL Entertainment (MPEL) -33.69%, ChinaEDU (CEDU) -23.16%, and Giant Interactive (GA) -22.94%.

Name Symbol 07/31/08
Price
July
Return (%)
YTD
Return (%)
3SBio SSRX 9.25 2.10% -37.84%
51Job JOBS 14.41 -21.34% -20.03%
Acorn international ATV 7.19 3.16% -22.94%
Actions Semiconductor ACTS 3.09 -10.43% -24.26%
Agria GRO 4.45 3.97% -52.30%
AirMedia Group AMCN 14 -3.05% -37.44%
Aluminum Corp of China ACH 25.41 -10.97% -49.82%
APT Satellite ATS 1.07 -21.33% -50.23%
ATA* ATAI 14.97 15.07% 57.58%
Baidu.com BIDU 347.15 10.92% -10.94%
China Architectural Engineering RCH 8.27 -15.35% -4.39%
China Digital TV STV 13.38 -3.81% -50.41%
China Eastern Airlines CEA 32.75 4.50% -66.47%
China Finance Online JRJC 17.34 13.56% -21.18%
China Grentech GRRF 4.12 -9.65% -53.39%
China Life Insurance LFC 56.59 8.45% -26.03%
China Medical Tech CMED 47.92 -3.00% 7.95%
China Mobile CHL 66.85 -0.15% -23.05%
China Nepstar NPD 7.78 -10.16% -55.75%
China Petro & Chemical SNP 105.24 13.30% -28.99%
China Southern Airlines ZNH 22.45 13.44% -65.70%
China Sunergy CSUN 8.66 4.72% -47.58%
China Techfaith CNTF 3.64 -13.74% -37.24%
China Telecom CHA 54.54 0.28% -30.14%
China Netcom CN 60.58 10.97% 1.99%
China Unicom CHU 20.46 10.48% -8.66%
ChinaEdu CEDU 3.65 -23.16% -57.06%
City Telecom [HK] CTEL 4.57 0.88% -19.12%
CNinsure CISG 13.5 -7.60% -15.57%
CNOOC CEO 147.38 -15.07% -11.98%
Ctrip.com CTRP 45.09 -1.51% -21.54%
E-House EJ 9.49 -16.46% -60.18%
eLong LONG 7.24 1.97% -12.56%
Focus Media FMCN 29.71 7.18% -47.70%
Fuqi International FUQI 8.76 0.00% 5.54%
Giant Interactive GA 9.34 -22.94% -28.04%
Global Sources GSOL 13.82 -8.96% -51.08%
Guangshen Railway GSH 24.87 10.98% -30.22%
Gushan Environmental Energy GU 12.04 3.61% 28.77%
Home Inns & Hotel HMIN 15.64 -17.73% -56.09%
Huaneng Power HNP 28.17 1.88% -31.79%
Hurray! HRAY 3.05 -3.48% -23.37%
Hutchison Telecomm HTX 19.6 -7.72% -13.47%
JA Solar JASO 15.17 -9.97% -34.81%
Kongzhong KONG 3.91 4.83% -35.80%
Las Vegas Sands LVS 45.52 -4.05% -55.83%
LDK Solar LDK 33.67 -11.11% -28.38%
Linktone LTON 1.67 -9.24% -45.95%
Longtop Financial Tech. LFT 16.87 1.87% -28.76%
Melco PBL Entertainment MPEL 6.18 -33.69% -46.54%
Mindray Medical MR 39.95 7.05% -7.03%
Netease.com NTES 22.7 4.18% 19.73%
New Oriental Education EDU 70 19.82% -13.14%
Ninetowns inter NINE 2.1 2.44% -34.17%
Noah Education* NED 5.56 2.96% -31.02%
O2Micro International OIIM 5.13 -22.86% -55.55%
Perfect World PWRD 26.46 5.88% -5.09%
PetroChina PTR 133.46 3.57% -23.94%
QiaoXing Mobile Comm. QXM 5.62 14.00% -33.49%
Renesola* SOL 15.77 -8.84% 21.31%
Semiconductor Manufacturing SMI 2.7 -7.22% -47.98%
Shanda Interactive SNDA 25.83 -4.86% -22.39%
Simcere Pharmaceutical SCR 12 -4.76% -13.36%
Sina SINA 45.23 6.30% 2.10%
Sinopec SHI 33.04 -3.08% -45.89%
Sohu.com SOHU 75.48 7.16% 38.44%
Solarfun Power SOLF 13.8 -21.14% -57.73%
Spreadtrum Communications SPRD 4.76 -4.61% -61.17%
Suntech Power STP 33.46 -10.68% -59.35%
The9 NCTY 22.36 -0.97% 4.34%
Tongjitang Chinese Medicine TCM 4 -4.08% -59.39%
Trina Solar TSL 27.52 -10.18% -48.85%
UTstarcom UTSI 4.72 -13.71% 72.26%
VanceInfo Technologies VIT 9.01 7.01% 0.11%
Vimicro International VIMC 2.94 3.52% -21.81%
VisionChina Media VISN 25.04 57.78% 194.59%
WSP Holdings WH 7.58 7.82% -16.70%
Wuxi Pharmatech WX 18.12 -10.74% -38.03%
XinHua Finance Media XFML 2.35 0.43% -60.83%
Xinyuan Real Estate XIN 5.61 -7.58% -60.58%
Yazhou Coal Mining YZC 17.99 -3.28% -6.30%
Yingli Green Energy YGE 16.86 5.90% -56.39%

*2008 IPO

Two widely held EFTs that mainly invest in China showed differenet results last month. iShares FTSE/Xinhua China 25 Index (FXI) conducted a 3:1 stock split on July 24th, making it more affordable to small investors. The fund gained 2.36% in July while its competitor, PowerShares Gloden Dragon Halter USX China (PGJ), ended the month flat.

Source: China ADRs: Mixed July