Chinese Stocks in the U.S.: Cnooc, Nam Tai, PetroChina, SouFun
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, fell 0.4 percent to 421.52. The American Stock Exchange China Index decreased 0.3 percent to 232.22. The Shanghai Composite Index lost 1.9 percent to 2,781.40.
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 p.m. New York time.
Crude producers dropped after oil fell from a two-year high in New York as China’s second interest-rate increase since October bolstered concern that economic growth will slow in the biggest energy-consuming country.
China National Oil Offshore Ltd. (CEO US), China’s largest offshore oil producer, fell 0.5 percent to $233.76.
PetroChina Co. (PTR US), the nation’s biggest oil company, decreased 0.3 percent to $127.71.
Small-company stocks traded in the U.S. plunged after China increased borrowing costs for the second time since October, damping investors’ appetite for risk.
SouFun Holdings Ltd. (SFUN US), the Beijing-based operator of home-furnishings websites, plunged 8 percent to $69.25, the biggest drop since Sept. 20.
Nam Tai Electronics Inc. (NTE US), a Shenzhen-based maker of electronic goods for other companies, declined 3.3 percent to $6.26, the biggest drop since July 16.
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