Home » Business news, Featured Stories » Chinese Stocks Sad on Equity Issues: Baidu.com, SINA, Youku Tudou, Kandi Technolgies, Yingli Green Energy, Trina Solar, Suntech Power Holdings

Chinese Stocks Sad on Equity Issues: Baidu.com, SINA, Youku Tudou, Kandi Technolgies, Yingli Green Energy, Trina Solar, Suntech Power Holdings

Chinese equities plunged for a third day in New York, motivating their assessments to the lowest level in five weeks, as property and Internet firms plunged.

Some leading Chinese associated equities that could be fickle this morning include Baidu.com, Inc. (ADR)(NASDAQ:BIDU), its shares after opening at $97.67 hit high price of $97.67 and then trade at $96.94 by plunging -0.58% on last seen, and in last session,  hold volume of 3.63 million shares as compare to its average volume of 96.84 million shares.  As, Baidu aims to posts its second quarter results on Jul 22, 2013.

While the stock of SINA Corporation (NASDAQ:SINA), plunges 0.35% to trade at 55.66 in early trades as its overall volume in the last trading session was 2.09 million shares. It is planning to announced its second quarter results on Aug 12, 2013. In its share capital SINA has 66.75 billion outstanding shares among them 65.15 million shares have been floated in market exchange. SINA stock institutional ownership remained 75.35% while insider ownership included 4.81%.

Youku Tudou Inc (ADR) (NYSE:YOKU) stock performance was not impressive as its open with the price of $20.38. Shares dropped -1.61% to trade at 20.21 in early trade on Thursday, while in last session held volume of less than 1 million shares as compare to its average volume of 2.27 million shares. The stock after opening at $20.38 hit high price of $20.39 and then trade at $20.33 at 9:50AM EDT.

Kandi Technolgies Corp. (NASDAQ:KNDI)’s shares price moved down over 7% in early trade as its 20 days moving average with positive percentage of 32.82% and remote positively from 50 days moving average with 45.05%. KNDI current year earnings per share experienced an addition with -35.74% while its current quarter performance remained 70.18%.

Shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) increased while it had 2.98 million trade volume in last session that was lesser as compared to average trading capacity of 6.14 million shares.

Trina Solar Limited (ADR) (NYSE:TSL) stock in last session held volume of 2.36 million shares as compare to its average volume of 5.98 million shares. The stock after opening at $5.45 hit high price of $5.57 and then trade at $5.57 by scoring +0.91%.

As the revenue measures of Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) generated revenue of 2.68 billion in the following twelve months income of -$643.90 million. The Company showed a negative -21.92% in the net profit margin and in addition to in its operating margin which remained -13.80%. As the firm last quarter performance is not attractive.

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