Friday's Asia ADR Recap: PetroChina

Looking forward, the company said second-quarter revenues would be $169 million to $177 million, vs. Wall Street estimates of $168 million, and full-year revenue would come in from $770 million to $808 million, vs. estimates of $756.46 million. Shares of Trina plunged 9% to $45 on three times the average daily volume.

PetroChina(PTR Quote), China's largest oil company, reported that China's longest fuel pipeline is at risk of being damaged by the Tangjiashan lake that was formed after last month's massive earthquake that rocked Sichuan. PetroChina has dispatched a 100-strong rescue team along the pipeline in case the lake's banks burst and cause flood damage. Shares of PetroChina dove 4.4% to $135.97.

Some big movers to the downside among Chinese ADRs and China-based stocks Friday were Sohu.com(SOHU Quote), which lost 8.7% to $83.28; China Southern Airlines(ZNH Quote), which dropped 8.5% to $27.56; China Netcom Group(CN Quote), which slipped 8.4% to $55.64; and China Unicom(CHU Quote), which dove 7.6% to $18.29.

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.