American depositary receipts rose with U.S. markets as investors
returned to stocks on improved economic data and Crimea's
anticipated vote to secede from the Ukraine.
The BNY Mellon ADR Composite Index increased 1%, compared with
the 0.96% gain in the S&P 500 Index.
Sky-Mobi Ltd. (
) led gainers with a 25% jump to $12.36 after saying it formed a
sales partnership with a unit of China Unicom (
), the country's second-biggest cellular company.
Airmedia Group Inc. (
), the Chinese outdoor advertising company, climbed 14% $2.29 to
reverse three days of declines.
Concord Medical Services Holding Ltd. (
) jumped 11% to $8.19 after Nasdaq OMX Group Inc. (
) said the Chinese operator of medical clinics would be added to
the Nasdaq Golden Dragon China Index on March 24.
Sina Corp. (SINA) gained 7.8% to $69.65 after Weibo Corp., a
microblogging service mostly owned by Sina, filed for an initial
public offering. Weibo plans to raise $500 million in the offering
and will use some of the proceeds to repay loans to Sina, according
to the filing.
Yingli Green Energy (YGE) was up 3.8% to $5.98 after saying it
has won a deal to supply 10 megawatts of multicrystalline PV
modules to U.K.'s solar company Solarcentury Holdings.
Siemens AG (SI) gained 3.7% to $130.38 after being upgraded by
Bank of America Merrill Lynch to Buy from Neutral, and by J.P.
Morgan Chase & Co. to Overweight from Neutral.
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