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Friday's Asia ADR Recap

Stocks in India were driven sharply lower Friday lead by IT stocks, after Infosys Technologies reported disappointing guidance. Traders said Indian equities were also hit with sell orders after the government released the Index of Industrial Production (IIP) data, which showed a rise of 3.8% in May vs. a gain of 6.2% in April. Economists had predicted that the IIP would hit 6.5% for May.

Stocks from India making moves and news in the U.S. include Infosys Technologies (INFY - Get Report), Satyam Computer Services (SAY) and Syntel (SYNT - Get Report).

Chinese stocks traded mixed on Friday with shares in mainland China dropping slightly over concerns of an economic slowdown, and shares in Hong Kong ripping higher after China's second-largest bank Construction Bank said first-half profits might have soared by over 50% from a year ago. The banks positive comments follow a number of rival banks that also issued bullish guidance in the past weeks.

Stocks from China making moves and news in the U.S. include PetroChina (PTR - Get Report), Sinopec Shanghai Petrochemical (SHI), CNOOC (CEO) and Harbin Electric (HRBN).

For the rest of the article, including detailed analysis of the latest activity surrounding these and other Chinese and Indian stocks, please click here.

Be sure, also, to check out the Far East Portfolio at every night.
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CEO $118.99 0.00%
INFY $18.51 0.00%
PTR $71.00 0.00%
SHI $48.40 0.00%
SYNT $41.80 0.00%


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