Sector Update: Tech

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Technology shares were generally higher in pre-market trade Thursday.

In technology stocks news, NetEase ( NTES ) American depositary shares rose in Thursday's pre-market session, putting the stock on track for a new all-time high, after the provider of Internet and online-game services in China late Wednesday reported higher Q2 earnings that matched analysts' consensus on revenue that rose more than expected.

NTES was up 3.6% at $87.10 in recent pre-market trading . That sets ADSs up to post a fresh all-time high if the level is sustained in the regular session; NTES's all-time high heading into Thursday's regular session is $86.75.


And, China Mobile Games and Entertainment Group ( CMGE ) said the Independent Committee of the Board of Directors of the company has completed its review of market rumors of possible bribery and did not find any evidence that suggested CMGE or anyone at CMGE had engaged in bribery.

Finally, Cleantech Solutions International ( CLNT ) said Q2 sales were $17.5 million, up 1.8% from the year-ago period. Net income fell to $0.61 per share, from $0.79 in Q213.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: NTES , CMGE , CLNT

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