Even though today's U.S. market only retreated mildly, the Benchmark Shanghai Composite Index plunged over 3% Tuesday.  Today's China stock prices were affected more by changes in the Shanghai Stock Exchange than the U.S. market.

Below are the worst performers for today.

WSP Holdings Limited (WH) reported its first ever quarterly loss today.  Net revenues were $90.2 million, down 68.0% from $282.4 million in the third quarter of 2008 and down 36.3% from $141.6 million in the second quarter of 2009.  Net loss was $11.7 million, compared to net income of $29.8 million in the third quarter of 2008 and net income of $10.0 million in the second quarter of 2009.

eLong, Inc. (LONG), a leading online travel service provider in China, today announced its Q3 results. For the quarter, total revenues increased 15% year-on-year to RMB103.2 million and net revenues increased 16% year-on-year to RMB97.2 million. 

Orsus Xelent Technologies, Inc. (ORS), a designer and manufacturer of award-winning mobile phones for the Asian market, reported today that it was unable to sustain the improvement in net income it achieved in the second quarter this year.  Its third quarter revenues declined to $19,125,000 from $29,240,000 of Q3 2008, a 34.6% reduction, and net income declined 53.16% to $1,370,000, or $0.05 per share, from $2,925,000, or $0.10 per share in the same period last year.

We can not find any special news for GRO and NOEC.  GRO jumped 24.5% yesterday for no reason, so its dive for today should not be a surprise.

The following are today's best winners.  Clearly, the gains were very mild.  

There was no news for ATAI, NINE, HOLI, and HPJ. 

Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on AgFeed Industries, Inc. (FEED).