Nasdaq shares in China.com Corp. rose 75 percent on the news that China and the United States had signed a World Trade Organization trade pact.
China.com (CHINA), which operates Chinese Internet portals, an Internet advertising business, and a Web solutions business, opened at $63 3/4 per share and rose as high as $117 1/2 per share before closing at 101 3/16.
In the last few months, China.com shares have been volatile because of frequent declarations by Chinese officials concerning a ban foreign investment in the Internet. Some analysts are saying that, with the US-China WTO deal, this will no longer be an issue.
Reports have indicated that U.S. Trade Representative Charlene Barshefsky has in fact commented that the deal would make it no longer an issue.
ITIC.org: June 2005 Archives::
events on Trade Facilitation and Standards in China. KUDLOW: Would a 27-percent tariff help you or hurt you on that? Mr. DAWSON: It would hurt us
http://www.itic.org/archives/2005/06/HOME |
Search - Yahoo! Finance::
Brazils president consulting with US, China, India over WTO. Khaleej Times - Aug 3, 5:50am ET Sales of store brands rise as consumers cut back on food costs
http://finance.yahoo.com/search?s=trade&b=119&v=f&g=8&r=HOME |
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