Chinese Stocks in the U.S.: CNOOC, PetroChina, Sinopec, Suntech
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, gained 0.7 percent to 361.34. The New York Stock Exchange China Index increased 0.9 percent to 219.52. The Shanghai Composite Index fell 1.6 percent to 2,393.18.
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 oil and gas producers rose as oil futures advanced for the first time in four days in New York amid speculation that the European Central Bank may alleviate the region’s sovereign debt crisis, boosting growth and fuel demand. Crude for November delivery gained 0.5 percent and settled at $80.24 a barrel on the New York Mercantile Exchange.
China Petrochemical Corp. (SNP US), the nation’s biggest refiner known as Sinopec, rose 1.3 percent to $94.58. Cnooc Ltd. (883) , China’s largest offshore energy producer, jumped 3.2 percent to $157.67. PetroChina Co. (PTR US), the nation’s biggest oil producer, rose 2.8 percent to $119.81.
Suntech Power Holdings Co. (STP US) surged 6.4 percent to $2.81, the most in a month, rebounding after a 36 percent drop over the previous eight sessions. The world’s largest producer of solar panels named John Lefebvre as President of Suntech America.
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