October 30, 2009 at 18:45 PM EDT
Foreign Stocks Can't Escape U.S. Downdraft
Does it matter to a Chinese search engine or to an Indian bank that the U.S. market is in a correction? Yes. As the U.S. market sells off, foreign stocks listed on the Nasdaq or NYSE are just as susceptible to this market's trends. Case in point: KongZhong (KONG), a Chinese wireless services provider, gapped high on Friday's opening and rose as much as 7% before reversing lower. By day's end, the small cap ceded all its gains and actually lost 1%.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here