Thursday's Asia ADR Recap: Solarfun

The weakness in shares of NetEase.com spilled over into China's search engine giant Bidu.com (BIDU Quote). Traders pressured shares of BIDU down by 5.6% to $335.

Beijing-based Yucheng Technologies (YTEC Quote), a information technology (IT) solutions and service provider, soared 17% after the company announced it inked a deal to provide point-of-sale merchant acquiring services to the Beijing Branch of China Construction Bank. Shares of YTEC rose $1.87 to $12.67 on 3 times the average daily volume.

Some big losers among China-based stocks Thursday were Canadian Solar (CSIQ Quote), which plunged 13% to $37.90; China Precision Steel (CPSL Quote), which dropped 12% to $5.73; Xinyuan Real Estate (XIN Quote), which dove 12% to $7.95; and China Shenghuo Pharmaceutical (KUN Quote), which closed lower by 12% to $3.95.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

For more on Asia, check out Daniel Harrison's coverage at TheStreet.com.