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Some Chinese ADRs were among the biggest tech losers today, possibly thanks to ongoing...

Some Chinese ADRs were among the biggest tech losers today, possibly thanks to ongoing de-listing fears stemming from the SEC's lawsuits against the Chinese arms of the Big-4 accounting firms. SPRD -8.2%. YOKU -6.9%. AMAP -5.7%. On the other hand, some Chinese solar names posted huge gains, likely on hopes JinkoSolar's $1B financing deal with China Development Bank indicates government support for the cash-burning industry remains strong. TSL +9.6%. LDK +12.1%.
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Comments (2)
  • Michael Bryant
    , contributor
    Comments (5822) | Send Message
     
    The Chinese government won't let the sector die.
    7 Dec 2012, 10:04 PM Reply Like
  • manchumukden
    , contributor
    Comment (1) | Send Message
     
    strongly agreed. SEC has no such kind of power. if any Chinese was delisted due to this, American corporation will be serious affected as well. this will be resolved by diplomatic level.
    9 Dec 2012, 08:00 PM Reply Like
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