Rob Zenilman submits: Last week’s price movement in the Chinese Internet sector ranged from +5.6% (NASDAQ:BIDU) to -9.5% (NASDAQ:GIGM). SINA & SOHU led week over week volume increases at 158.3% & 52.5%, respectively.
A new 52 week high was made by CTRP ($56.50).
Key developments that drove individual stocks:
● On July 7th, Sina (NASDAQ:SINA) disclosed that it anticipates a "significant, negative impact" from China Mobile Communication Corp.'s (one of the Sina's mobile operators) recent policy changes.
Data in table version -- click on a ticker for opinion and analysis of the company:
|CTRP||Ctrip.com International Ltd.||5.2%||23.4%
|GSOL||Global Sources Ltd.||3.6%||8.5%
|JRJC||China Finance Online Co. Ltd.||0.0%||-35.9%
|SNDA||Shanda Interactive Entertainment Ltd.||-0.7%||40.0%
Data: Capital IQ
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