Chinese tech stocks, recent IPOs rebound strongly

Hit hard on multiple trading days last week, high-beta Chinese Internet and solar stocks are flying higher amid a tech rally.

Leading Chinese Internet gainers: GOMO +14.8% (tumbled last week post-earnings). BITA +10.2%. WUBA +8.9%. VIPS +6.4%. SFUN +6.4%. WBAI +6.3%. CCIH +5.9%. ATHM +5.8%.

Notable Chinese solar gainers: CSUN +9.7%. JKS +8.9%. TSL +5.4%. YGE +4.1%. JA Solar is rallying with the help of a bullish Northland coverage launch.

Recent IPOs King Digital (KING +4.5%) and Castlight Health (CSLT +16.1%) are among the winners. King remains 16% below its $22.50 IPO price. Castlight is 54% above its $16 IPO price, but well below a post-IPO high of $41.95.

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Comments (2)
  • jimmy J
    , contributor
    Comments (86) | Send Message
    WUBA crushed earnings, just a thought but might be that WUBA's business model actually works better and is more important to the populous of China than the US. Comments welcome.
    1 Apr 2014, 03:02 PM Reply Like
  • Culp
    , contributor
    Comments (2) | Send Message
    What do you think of sfun going to16 or higher?
    9 Apr 2014, 04:53 PM Reply Like
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