ATA Inc. (
) jumped to lead gains among American depositary receipts of Asian
companies Tuesday after Asian markets rallied. Hong Kong rose to a
Asian ADRs gained 0.8% on average to the highest since July 7,
as measured by the Bank of New York Mellon Asia ADR Index, compared
with a 0.5% gain for the S&P 500 Stock Index. Asian ADR
advancers led decliners 122 to 30.
ATA surged 11% to $4.69 per ADR after the Chinese provider of
educational test services started a joint venture with New Oriental
Education & Technology Group Inc. (
New Oriental Education dropped 13% to $21.07 per ADR to lead
decliners after an article on Valuewalk.com examined an enrollment
decline and outdated course listings on the company's website.
E-House China Holding Ltd. (
), a Chinese real estate company, gained 7% to $10.70 per ADR on
news reports that several cities loosened property controls. Real
estate broker Leju Holdings Ltd. (
) rose 5.8% to $12.30 per ADR.
China Petroleum & Chemical Corp. (
), also known as Sinopec, rose 2.7% to $96.42 per ADR after the
state-run energy company reported an increase in output. PetroChina
Co. (PTR) rose 2.1% to $135.10 per ADR, while Cnooc Ltd. (CEO)
gained 1.7% to $178.29 per ADR.
China Mobile Ltd. (CHL) gained 2% to $54.10 per ADR after
subscriber data showed the mobile-phone provider exceeded 10
million 3G customers.
Aluminum Corp. of China Ltd. (ACH) jumped 6.6% to a 14-month
high of $10.69 per ADR as prices of the metal approached a 16-month
Asia ADR gainers included China Zenix Auto International Ltd.
(ZX) +8.6%, Cheetah Mobile Inc. (CMCM) +7.8% and Noah Holdings Ltd.
Asian ADR decliners included Ku6 Media Co. (KUTV) -5.5%,
Visionchina Media Inc. (VISN) -1.8% and Silicon Motion Technology
Corp. (SIMO) -1.7%.
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