Also in the green was China-based telecom-equipment maker Qiao Xing Universal Telephone ( XING), which spiked 9.5% on positive earnings from subsidiary Qiao Xing Mobile Communication ( QXM).

Income for the quarter ended June 30 more than doubled from last year to some $26 million (198 million yuan), or 54 cents a share, excluding a one-off item. Qiao Xing Universal stock finished at $8.58; Qiao Xing Mobile was up 44 cents, or 5.6%, at $8.20.

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