Youku, Changyou.com Lead China Stocks Higher
Shares of Chinese Internet TV company Youku (NASDAQ: YOKU) spiked higher at the open Monday, following reporting a near doubling in Q2 revenues. Youku traded as high as $17.88 after the open, up from Friday's close of $16.93.
Shares of Chinese online gaming company Changyou.com (NASDAQ: CYOU) rose as high as $23.40, up from Friday's close of $19.37, as it reported better than expected earnings.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.