Chinese Tech ETFs Rise (CQQQ) (CHIB) (BIDU) (SNDA)
By Daniel James Hayden IV
February 03, 2010 6:34 PM
February 03, 2010 6:34 PM
Chinese tech stocks performed well on Wednesday, pushing Chinese technology exchange traded funds up with them.
Both the Claymore China Technology ETF (NYSE: CQQQ) and the Global X China Technology ETF (NYSE: CHIB) were up nearly 1% for the day.
Leading the rise in Chinese tech shares was Chinese language Internet search provider Baidu, Inc. (Nasdaq: BIDU) which saw its share price rise more than 5% on Wednesday.
Shares of Shanda Interactive Entertainment Ltd. (Nasdaq: SNDA) rose more than 3% for the day.
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