51job Declines on Slower Sales Growth as Phoenix Tumbles
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51job Inc., a Chinese online employment listing provider, fell the most in nine months in U.S. trading after saying sales growth slowed last quarter.
American depositary receipts of 51job sank 8.8 percent in New York yesterday as trading volume surged. Phoenix New Media Ltd. plunged 8.2 percent after second-quarter revenue at the television and Internet news outlet fell short of analyst estimates. The Bloomberg China-US Equity Index was little changed at 114.78. Forty-seven stocks declined while 32 advanced.