Asian stocks were mostly weaker on Tuesday as worry about Greek political affairs and the shaky Russian ruble spoiled confidence in the global economy.
Tokyo’s Nikkei 225 plunged 0.7 percent to 17,610.13 while South Korea’s Kospi fell 0.7 percent to 1,913.50. China’s Shanghai Composite Index shed 0.4 percent to 3,155.28 and Hong Kong’s Hang Seng was also down 0.6 percent to 23,628.95. Australia’s S&P/ ASX 200 dropped 0.4 percent to 5,455.10. Market benchmarks in Taiwan and Thailand were down but Singapore and Malaysia rose.
Greek bonds and shares moved down after parliament failed to approve a new president, forcing the government to call early elections that could bring more economic turmoil. Investors worry elections might be won by the left-wing opposition Syriza party, which rejects Greece’s bailout deal. The Athens stock market closed 4 percent lower after plunging as much as 11 percent earlier.
Despite fears about Greece, U.S. stocks inched higher in light trading on Monday. The Standard & Poor’s 500 index surged 0.1 percent to 2,090.57. The Dow Jones industrial average dropped 0.1 percent to 18,038.23. The Nasdaq composite increased 0.05 points to 4,806.91.
Trina Solar Limited (ADR) (NYSE:TSL) functions as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions. The Company shares are trading +14.63% above their 52 week low price after the last close and -54.08% below the 52 week high. Its latest closing price was down -26.52% from the average-price of 200 days while it kept its distance from the SMA50 at -11.74% and -4.22% compared with the SMA 20.
Shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) were +17.65% up 52 week lows as of the latest close and -70.47% below the 52 week high. Its latest closing price was down -34.14% from the average-price of 200 days while it maintained a distance from the SMA 50 at -17.07% and -6.40% compared with the SMA 20. Yingli Green Energy Holding Company Limited, through with its subsidiaries, designs, develops, manufacture, markets, sells, and installs photovoltaic products in the People’s Republic of China.
NQ Mobile Inc (ADR) (NYSE:NQ) offers mobile Internet services in the People’s Republic of China and worldwide. The stock’s latest price traded at +16.81% up 52 week lows after the closing bell and was -81.95% behind its 52 week high. Its latest closing price was -52.42% below the SMA200 while the distance from the SMA 50 and SMA 20 was -40.53% and -26.03% respectively.
ReneSola Ltd. (ADR) (NYSE:SOL) is trading +18.18% higher than the 52 week low price and -67.94% behind the 52 week high. The stock’s latest closing price was -45.54% down from the average-price of 200 days while it kept its distance from the SMA50 at -27.00% and -3.54% compared with the SMA 20. ReneSola Ltd, together with its subsidiaries, manufactures and sells various solar power products. It works through two segments, Wafer, and Cell and Module.
China Finance Online Co. (ADR) (NASDAQ:JRJC) in engaged in online precious metal trading on Haixi Commodity Exchange and Tianjin Precious Metals Exchange on behalf of their clients. The Company so far this year has moved down -6.84% and its monthly performance stands at -18.38%. The stock was up +151.50% from its 52 week low and was -50.67% below the 52 week high. Its latest closing price was up +8.28% from the average-price of 200 days while it kept its distance from the SMA50 at -8.75% and -13.72% compared with the SMA 20.
Asian stocks mostly weaker: Trina Solar (TSL), Yingli Green Energy (YGE), NQ Mobile (NQ ...
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