Monday's Asia ADR Recap: Hutchison

U.S.-based provider of information technology, consulting and business process outsourcing Cognizant Technology Solutions(CTSH Quote - Cramer on CTSH - Stock Picks), which has a large exposure to the Indian market, announced it has acquired all of the assets of Los Angeles-based media and entertainment technology consulting company Strategic Vision Consulting for an undisclosed amount. Shares of Cognizant rose 1.7% to $35.37.

Indian information technology and consulting company Satyam Computer(SAY Quote - Cramer on SAY - Stock Picks), announced it has won two top awards at the 2008 IDG Computerworld Honors Program held in Washington. The company said its submissions on the Byrraju Foundation and the Emergency Management and Research Institute, in the not-for-profit and healthcare categories received the 21st Century Achievement, which is the top award at the CHP. Shares of Satyam slipped 1% to $26.71.

Luxembourg-based ArcelorMittal(MT Quote - Cramer on MT - Stock Picks), the globe's largest steel producer, announced it has been granted a permit to mine iron ore in the eastern Indian state of Jharkhand. According to the Ministry of Mines Web site, ArcelorMittal will be allowed to mine on 500 acres of land in Jharkhand. Shares of ArcelorMittal finished up 47 cents to $103.48.

The only Indian ADR to advance on Monday was Dr. Reddy's Laboratories(RDY Quote - Cramer on RDY - Stock Picks), which added 0.76% to $15.95.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

China Recap

The Chinese markets were closed Monday for a public holiday. Here's a look at how some China-based American depositary shares traded in the U.S. on Monday.

Hong Kong-based Hutchison Telecom International(HTX Quote - Cramer on HTX - Stock Picks), a provider of fixed and mobile communications services in China, and U.S.-based personal computer and mobile device maker Apple Computer(AAPL Quote - Cramer on AAPL - Stock Picks) announced they have formed a partnership to bring Apple's new iPhone 3G with Chinese-language compatibility to Hong Kong on July 11 and in Macau soon after.

« Previous Page

1 2 3 4

Next Page »