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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.

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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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