NQ Gains Most on Record on Venture With Slim’s America Movil
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NQ Mobile Inc. surged the most on record after the Chinese software security company said it will provide its products to subscribers of America Movil SAB, the Mexican wireless carrier controlled by billionaire Carlos Slim.
American depositary receipts of the NQ Mobile jumped 17 percent to $8.07 in New York. Trading volume was more than six times the daily average over the past three months. The ADRs led gains on the Bloomberg China-US Equity Index of the most-traded Chinese shares in the U.S., which fell 1.3 percent to 92.86.