Sina Corp. (SINA) and Baidu (BIDU) Lead China Internet Stocks Higher
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Shares of Sina Corp. (Nasdaq: SINA) and Baidu, Inc. (Nasdaq: BIDU), considered the cream of the crop in China Internet, are leading the sector higher today.
The group has been weak over the past month or so on concerns over accounting issues and corporate governance in the sector.
Around the Sector:
Sina Corp. (Nasdaq: SINA) +15%
Baidu, Inc. (Nasdaq: BIDU) +7%
Qihoo 360 Technology Co. Ltd. A (NYSE: QIHU) +9%
Youku.com Inc (NYSE: YOKU) +5%
Renren Inc. American Depositary (NYSE: RENN) -4%
E-Commerce China Dangdang Inc. (NYSE: DANG) -1.2%
The group has been weak over the past month or so on concerns over accounting issues and corporate governance in the sector.
Around the Sector:
Sina Corp. (Nasdaq: SINA) +15%
Baidu, Inc. (Nasdaq: BIDU) +7%
Qihoo 360 Technology Co. Ltd. A (NYSE: QIHU) +9%
Youku.com Inc (NYSE: YOKU) +5%
Renren Inc. American Depositary (NYSE: RENN) -4%
E-Commerce China Dangdang Inc. (NYSE: DANG) -1.2%
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