Chinese Stocks in the U.S.: ATA, Cnooc, Sinopec, Suntech
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, fell 1.8 percent to 437.16. The American Stock Exchange China Index declined 1.7 percent to 257.14. The Shanghai Composite Index was little changed at 2,743.57.
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.
Crude oil dropped the most in three weeks after data showed that U.S. companies added fewer jobs than forecast last month and the expansion of manufacturing slowed, bolstering concern fuel demand growth will weaken.
Cnooc Ltd. (CEO) , China’s largest offshore energy producer, slid 2.6 percent, the most in four weeks, to $244.15.
China Petroleum and Chemical Corp. (SNP US), the country’s biggest refiner, known as Sinopec, dropped 1.8 percent, the most in six weeks, to $98.02.
PetroChina Co. (PTR US) the nation’s biggest energy company, lost 1.7 percent to $141.65.
ATA Inc. (ATAI US), China’s largest provider of computer- based testing services, jumped 11 percent to $12.62, the highest since August 2008. The Beijing-based company said today sales will be 395 million yuan ($60.3 million) to 415 million yuan in the fiscal year ending March 31, 2012. Unaudited revenue rose 24 percent to 303.9 million yuan in the last fiscal year, it said in a statement distributed by PR Newswire.
Suntech Power Holdings (STP US), the world’s largest maker of solar panels, snapped a three-day advance, falling 4.2 percent to $7.78. Germany’s plan to shut all nuclear reactors by 2022 triggered “a bit of hunting for low prices in solar sector, but fundamentals haven’t changed,” said Peter Wirtz, an analyst at WestLB AG.
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