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Chinese stocks in the US are rising after a turbulent week. Photo: AFP

Chinese ADRs gain across the board in mid-morning trade

Agencies

The American depository receipts of all Chinese companies gained across the board on Thursday, with Qunar Cayman Islands, the fastest-growing online and mobile travel services provider in China, enjoying a 9.12 per cent jump to US$33.65 in late-morning trade in New York, the biggest gain since March 17.

Shares of YY, a Chinese social platform, gained 7.1 per cent to US$57.24, but still lost 3 per cent week till date, due to a global stock market meltdown earlier in the week on concerns about Chinese slowing economic growth.

The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF rose 5.47 per cent to US$32.00. The iShares China Large-Cap ETF tracking Hong Kong shares increased 4.11 per cent to US$37.26.

 

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