Xinjiang Goldwind Science & Technology Co. advanced the most in almost 16 months in Hong Kong after Deutsche Bank AG recommended buying China’s largest maker of wind turbines as capacity and orders are seen rising.
China Longyuan Power Group and Xinjiang Goldwind Science & Technology Co. surged in Asian trading after Deutsche Bank AG began coverage with ‘buy” ratings and China overtook the U.S. as the biggest energy user.
Columbia Laboratories Inc. and Watson Pharmaceuticals Inc. failed to win the backing of advisers to U.S. regulators for the companies’ progesterone gel to prevent preterm birth. Shares of Columbia Labs fell as much as 67 percent in extended trading.
Chinese shares traded in New York rose as Huaneng Power International Inc., the nation’s biggest power producer, jumped after Deutsche Bank AG raised the stock to “buy” and as concern waned that Europe’s debt crisis is deepening.
Momenta Pharmaceuticals Inc. dropped the most in four months after an appeals court order cleared the way for Watson Pharmaceuticals Inc. to begin selling a generic version of the blood-thinner Lovenox.