Commodities & Metals
Chinese ADRs Take Off (SEED, FEED, CAGC, CAAS)
Published:
Last Updated:
Chinese agriculture stocks, as measured by Tickerspy’s Chinese Agriculture Stocks Index (*CHAGR), are up over 6% today. Gains in Chinese agriculture stock were led by crop seed company Origin Agritech Ltd. (NASDAQ: SEED), which rose nearly 10% to $13.44. Gains were also driven by AgFeed Industries Inc. (NASDAQ: FEED) and China Agritech Inc. (NASDAQ: CAGC), which rose 8.1% and 8.9% respectively.
Chinese auto part stocks, as measured by Tickerspy’s Chinse Auto Parts Stocks Index (*CHATP), are are up nearly 7% today. Gains were led by China Automotive Systems Inc. (NASDAQ: CAAS), a company which primarily manufactures steering columns for cars. The stock is up over 12% today, breaking its 52-week high and trading over three times is average volume. The company has received a big boost from recent news that Chinese auto exports posted their first year over year gain in 15 months.
Garrett W. McIntyre
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
