Member access

4-Traders Homepage  >  Shares  >  Nyse  >  LDK Solar Co., Ltd (ADR)    LDK   US50183L1070

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsRevisions 

ADR REPORT: Shares Up As Spanish, Italian Borrowing Rates Fall

04/11/2012 | 04:59pm US/Eastern
   By Corrie Driebusch 

International companies trading in New York closed sharply higher Wednesday, in line with the broader market, following a drop in Spanish and Italian government borrowing rates.

The Bank of New York index of ADRs rose 1.1% to 124.94.

Bond yields in Italy and Spain fell after a member of the European Central Bank's policy-making council sparked speculation about a restart of the bank's bond-buying program.

Spanish banks Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) jumped 5.2% to $7.14 and Banco Santander SA (STD, SAN.MC) rose 2.9% to $6.70.

Deutsche Bank AG (DB, DBK.XE) gained 3.6% to $45.06 and ING Groep NV (ING, INGA.AE) climbed 3.7% to $7.26.

The European index added 1% to 113.88.

UBS upgrades Telefonica SA (TEF, TEF.MC) to neutral from sell, saying the shares have underperformed the telecommunications sector and European market and are "no longer at a premium." Shares of the Spanish company rose 2.3% to $15.40.

Volkswagen (VOW.XE, VLKAY) advanced 3.4% to $30.75 after reporting a 15% rise in global car sales for its VW passenger car brand. That helped lift shares of Daimler (DDAIY, DAI.XE) 2.6% to $54.35.

Offsetting those gains was Nokia Corp. (NOK, NOK1V.HE), whose shares plunged 16% to $4.24 after the telecom firm lowered its first-quarter outlook for its Devices & Services business.

The Asian index climbed 1.5% to 125.52 as solar companies jumped.

LDK Solar Co. Ltd. (>> LDK Solar Co., Ltd (ADR)) traded up 4.3% to $3.37, Suntech Power Holdings Co. (STP, K3ND.SG) surged 7.9% to $2.73, Trina Solar Ltd. (TSL, K3KD.SG) soared 6.1% to $6.75 and Yingli Green Energy Holding Co. (YGE) added 4.8% to $3.49.

The Latin American index gained 0.7% to 354.25 and the emerging markets index ended up 0.9% at 295.46.

Companhia Paranaense de Energia (ELP, CPLE5.BR, CPLE6.BR), the Brazilian electric utility known as Copel, is studying the purchase of assets from rival Grupo Rede, which is going through difficulties and may be broken up, the InfoMoney news agency reported Wednesday. Shares of Copel added 1.2% to $23.82.

-By Corrie Driebusch, Dow Jones Newswires; 212-416-2143;

Stocks mentioned in the article : LDK Solar Co., Ltd (ADR)
Recommend :
React to this article
Latest news on LDK SOLAR CO., LTD (ADR)
1d ago LDK SOLAR : Requests Review of NYSE Regulation’s Decision to Suspend Tradi..
1d ago LDK SOLAR : Requests Review of NYSE Regulation's Decision to Suspend Trading and..
04/04 LDK SOLAR : Cayman Court Authorizes JPLs to Move Forward with Restructuring of L..
04/04 LDK SOLAR : and its Joint Provisional Liquidators Provide Update
04/01 LDK SOLAR : and its Joint Provisional Liquidators Provide Update
04/01 LDK SOLAR : and its Joint Provisional Liquidators Provide Update
03/31 LDK SOLAR : NYSE delists LDK as China's solar industry strains
03/31 LDK SOLAR : Confirms Offshore Restructuring Arrangements and Interim Financing
03/31 LDK SOLAR : NYSE Reviewing the Continued Listing of the American Depositary Shar..
03/28 LDK SOLAR : Confirms Offshore Restructuring Arrangements and Interim Financing
Duration : Period :
LDK Solar Co., Ltd (ADR) Technical Analysis Chart | LDK | US50183L1070 | 4-Traders
Income Statement Evolution
LDK Solar Co., Ltd (ADR) : Income Statement Evolution
More Financials
Dynamic quotes