To: Julius Wong who wrote (8141 ) 7/7/2015 4:45:22 PM From: Sam Respond to Chinese tech stocks crater; many names down over 10% Eric Jhonsa , SA News Editor The selloff in Chinese equities refuses to let up: Shanghai fell 1.3% overnight, Shenzhen fell 5.3% , and Hong Kong fell 2.7% . The declines come amid a backdrop of frantic government efforts to halt the plunge, and requests by hundreds of Chinese companies for trading halts. The lion's share of U.S.-traded Chinese Web and mobile firms are down at least 5%, and many are down more than twice that. In alphabetical order by ticker, major decliners include Autohome ( ATHM -10.6% ), Biatuto ( BITA -18.7% ), Baozun ( BZUN -22.7% ), ChinaCache ( CCIH -14.6% ), Cheetah Mobile ( CMCM -15.2% ), China Mobile Games ( CMGE -13.2% ), Ctrip ( CTRP -10.1% ), Changyou ( CYOU -12.6% ), Dangdang ( DANG -13.8% ), iDreamSky ( DSKY -15.4% ), E-House ( EJ -15.9% ), Jumei ( JMEI -20.2% ), Leju ( LEJU -12.1% ), eLong ( LONG -12.6% ), Momo ( MOMO -9.4% ), NQ Mobile ( NQ -16.7% ), NetEase ( NTES -12.2% ), Qihoo ( QIHU -10.3% ), Qunar ( QUNR -14.2% ), Renren ( RENN -17.8% ), SouFun ( SFUN -16.3% ), Sohu ( SOHU -10.9% ), Taomee ( TAOM -15.1% ), Vipshop ( VIPS -9.7% ), Weibo ( WB -10.9% ), 500.com ( WBAI -26.2% ), Wowo ( WOWO -26.7% ), 58.com ( WUBA -17.3% ), Xunlei ( XNET -14% ), Youku ( YOKU -12.2% ), and YY ( YY -9.4% ). The plunge seen over the last two months (aided by panic selling and margin calls?) has led multiples for U.S.-traded Chinese tech names to compress dramatically, with forward P/E and P/S ratios often below those of U.S. peers sporting similar growth profiles. The Guggenheim China Tech ETF ( CQQQ -9.3% ) is down 29% from a May peak of $45.64. ETFs: KWEB , QQQC , EMQQ Yesterday: Chinese tech stocks tumble again in spite of fresh government support Earlier today: Chinese phone firms decline as country's markets sink seekingalpha.com
