Qihoo 360 Technology Co., the Chinese Internet company whose search engine debut drove shares to a record, is falling along with rival Baidu Inc. on concern advertising spending isn’t keeping pace with economic growth.
Chinese solar manufacturers rallied in New York, led by Suntech Power Holdings Co., on a report that billionaire Warren Buffett may be interested in buying the company forced into bankruptcy after defaulting on debt.
Chinese equities in New York fell for the first time this week, led by property stocks and state- run companies, on concern a bigger-than-estimated increase in lending will spur the central bank to tighten credit.
The plunge in shares of Suntech Power Holdings Co., the Chinese solar-panel maker forced into bankruptcy last month, highlights risks with structured notes that can leave investors exposed to collapsing equities.
Chinese equities in New York rallied the most in almost three weeks, led by commodity producers and solar makers, as easing inflation damped concern Asia’s second-largest economy will tighten monetary policy.