The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, gained 1.7 percent to 430.11. The American Stock Exchange China Index added 1.4 percent to 233.89. The Shanghai Composite Index increased 0.9 percent to 2,865.45.
The following companies were among the most active Chinese shares in New York trading. Stock symbols are in parentheses and prices are as of 4:30 p.m. New York time.
Aluminum Corp. of China Ltd. (ACH US), China’s biggest maker of the lightweight metal, rose 3.7 percent to $23.57. Global aluminum prices are likely to climb in the next 10 years as demand exceeds supply, according to Klaus Kleinfeld, the chief executive officer of Alcoa Inc., the Financial Times reported.
A-Power Energy Generation Systems Ltd. (APWR US) slumped 5.8 percent to $6.18. The Chinese power system manufacturer postponed a conference call originally scheduled for today, without giving a reason. The postponement isn’t due to any accounting irregularities, the company said.
LDK Solar Co. Ltd. (LDK US) increased 0.6 percent to $11.03. The Chinese solar wafer maker said a Venice appeals court upheld an international arbitration award made in London in its dispute with Helios Technology SpA of Italy. Helios must pay LDK about $31 million plus interest, costs and lawyer fees, LDK said.
Suntech Power Holdings Co. Ltd. (STP US) fell 1.5 percent to $7.42. The world’s largest solar panel maker said net income for the third quarter was $33.1 million, or 18 cents per American depositary receipt. That’s lower than the 23-cent average estimate of 21 analysts surveyed by Bloomberg.
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