Wanda Sports, 51Talk Lead Gainers; No Sector Stands Out
No sector particularly stood out when capital exchanges reopened on Tuesday in New York, though some companies' stocks certainly did. Here are a few Chinese stocks worth noting.
The stock in Wanda Sports Group Co. Ltd. (Nasdaq: WSG) soared 45% Tuesday to $4.35 per American depositary share. That's after Bloomberg reported that the Beijing-based sports platform is considering selling the Ironman triathlon business for $1 billion.
Shares in pharmacy network operator 111 Inc. (Nasdaq: YI), soared 19% to $7.20 apiece, as China's pharmaceuticals remain in high demand amid coronavirus.
Another gainer in the healthcare sector was a clinical-stage biopharmaceutical company BeyondSpring Inc. (Nasdaq: BYSI), which was up 8%, at $18.09 per share.
In the online education sector, seen as especially profitable during the stay-at-home period, the stock in China Online Education (NYSE: COE), also known as 51Talk, rose 19% to $20.12 per share. COE shares have skyrocketed 190% in the past 60 days.
Another gainer was GSX Techedu Inc. (NYSE: GSX). Shares in the Beijing-based afterschool tutoring service provider soared 10% to $37.86 per share after the company announced its revenue grew more than fivefold and it generated strong net income in the fourth quarter.
Meanwhile, real estate marketplace Fangdd Network Group Ltd. (Nasdaq: DUO) climbed 4% to $13.76 per share. Fang Holdings Ltd. (NYSE: SFUN), which provides real estate services, saw its stock rise 4% to $2.69 per share.
The stock in Beijing-based coffee company Luckin Coffee Inc. (Nasdaq: LK) jumped 6% to $40.34 per share.
Some Chinese stocks in the healthcare and property technology sectors slipped Tuesday.
Shares in medical products provider Lianluo Smart Ltd. (Nasdaq: LLIT) dropped 18% to 83 cents per share.
The stock in an online-to-offline real estate services provider Leju Holdings Ltd. (NYSE: LEJU) dropped 6% to $1.75 per share.
The co-living space rental platform Phoenix Tree Holdings Ltd. (NYSE: DNK) saw its stock decline10%, to $12.2 per share.
Supercomputing company Canaan Inc. (Nasdaq: CAN) lost a $1, closing at $5.75 per share after the price of bitcoin declined to $10,080, according to data from Morningstar and Coinbase.
The stock price of BOQI International Medical Inc. (Nasdaq: BIMI) declined 6% to $3.47.
Two major indexes on mainland China rose slightly. The Shanghai Composite gained 1 point, or 0.05%, to 2,985. The index has climbed steadily by nearly 9% from 2,747 on the first trading day after the Chinese New Year holiday. The Shenzhen Composite gained 0.58% Tuesday in China, adding 65 points to 11,306. The index gained nearly 16% from 9,780 on Feb.3, recovering from the loss.
The Hang Seng Index in Hong Kong declined 429 points to 27,530, down 1.54% Tuesday.
In the U.S., the Nasdaq Composite advanced 0.02% and the Dow Jones lost 0.56%. The S&P 500 shifted 0.29% lower.
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