Shanda game shares jumped nearly 19%

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Sina Science and technology news Beijing time of July 19, in the United States listed Chinese stocks in Thursday for the fourth consecutive trading day Rose, one of the Grand Game (Nasdaq:game) shares surged nearly 19%, mainly because of a new mobile game has made a successful start. Meanwhile, Nasdaq:sohu's share price rose nearly 3% per cent as speculation that the company's search engine department would be acquired.

On the same day, as of 14:41 Eastern Time (Beijing time 19th 2:41), Shanda's shares rose 0.83 U.S. dollars to $5.31, or 18.55%, in the Nasdaq conventional trading, after hitting a 5.35 dollar high. In the past 52 weeks, Shanda's game has a top price of $5.35, with a minimum price of 2.68 dollars. Sohu's share price rose 1.77 U.S. dollars to $68.18, or 2.67%, in the Nasdaq conventional trading, after hitting a 69.66-dollar high of 52-week highs. In the past 52 weeks, Sohu's highest price was 69.66 U.S. dollars, the lowest price is 33.75 U.S. dollars.

Bloomberg-US stock index (Bloomberg china-us Equity index) rose 0.4% to 90, most likely the highest closing price in five weeks. In addition, LDK Solar (NYSE:LDK) shares rose more than 4% per cent as Chinese authorities imposed a tariff on polysilicon imports in the US and South Korea.

The Shanda game operation, the mobile game "Million King Arthur" (Technologists Arthur), developed by the Japanese Square Enix, landed in the Chinese market yesterday. The game was ranked third in the Apple App Store, according to a statement from Shanda. Investment strategy, an investment research firm, said that in a possible sale, Sohu's online search department Sogou could be worth up to $1.2 billion.

Nick Ning, analyst with Securities research, Nick Ning, said: "The main reason for the rise in Shanda gaming is that the mobile game has achieved a higher ranking." Investors see this high ranking as a sign of a strong performance in the short term for Shanda's game revenues and earnings, which want to enter the fast-growing China Mobile gaming market. "(Tangfeng)