Chinese Stocks in the U.S.: JinkoSolar, Ku6 Media, Shanda, Trina
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, gained 0.2 percent to 436.47. The American Stock Exchange China Index dropped 0.4 percent to 254.82. The Shanghai Composite Index added 0.1 percent to 2,937.63.
The following companies were among the most active Chinese shares in New York trading. Stock symbols are in parentheses and prices are as of the close of trading at 4 p.m. New York time.
U.S.-listed Chinese solar energy stocks rose after failures at three Japanese nuclear power plants prompted speculation regulators would scale back plans to build rectors worldwide.
JinkoSolar Holding Co. (JKS US) gained 9.8 percent, the most since November, to $24.82.
Trina Solar Ltd. (TSL) , a solar-panel maker, jumped 7.3 percent, the most in nine months, to $26.
LDK Solar Co. (LDK US) rose 8.8 percent to $11.58.
Yingli Green Energy Holding Co. (YGE US) climbed 7.2 percent to $11.26 for the biggest advance since Jan. 18.
Suntec Power Holdings (STP US), the world’s largest maker of solar panels, climbed 3 percent, the most in two weeks, to $8.28.
Shanda Interactive Entertainment Ltd. (SNDA) , an operator of online games, sank the most in a year, dropping 5.9 percent to $45.95. Ku6 Media co., which was acquired by Shanda in August, announced the resignation of Chief Executive Officer Shanyou Li and the appointment of Haifa Zhu to be acting chief. Zhu was Chief Investment Officer of Shanda, according to the company’s statement distributed by PRNewswire.
Ku6 Media co. (KUTV US) surged 16 percent to $3.39.
To contact the reporter on this story: Belinda Cao in New York at Lcao4@bloomberg.net
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