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Yingli Green Energy Leads Asian ADR Decliners as Chinese Solar Stocks Fall on U.S. Tariff Proposals

Yingli Green Energy Holdings Co. ( YGE ) led decliners in American depositary receipts of Asian companies after U.S. trade authorities proposed anti-subsidy tariffs on imports of Chinese solar-energy products.

The Bank of New York Mellon Asia ADR Index fell 0.6%, compared with a flat reading for the S&P 500 Stock Index. Decliners led advancers

Yingli Green Energy fell as much as 9% to $2.68 per ADR after saying it will be subject to proposed tariffs. Also declining were Jinkosolar Holding Co. ( JKS ) -4.9%, Hanwha Solarone Co. ( HSOL ) -4.8%, Renesola Ltd. ( SOL ) -4.8% and Trina Solar Ltd. ( TSL ) -3.6%.

Decliners included China Digital TV Holding Co. (STV) -6.6%, China Ming Yang Wind Power Group Ltd. (MY) -3.9% and Concord Medical Services Holding Ltd. (CCM) -3.8%.

NQ Mobile Inc. (NQ) led gainers with a 29% surge to $9.81 per ADR after saying a special audit committee didn't find any evidence of fraud as alleged by researcher.

Gainers included China Finance Online Co. (JRJC) +12%, Cheetah Mobile Inc. (CMCM) +8.3% and Samson Oil & Gas Ltd. (SSN) +5.6%.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

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