Sohu.com Drags Down The Chinese ADR's
This morning, Sohu.com Inc (NASDAQ:SOHU) is trading sharply lower by $7.09 to $61.92 a share after reporting earnings. Many investors believe that China is beginning to slowdown, therefore, traders are watching this earnings season very closely to see if there are any clues of a weaker Chinese economy.
Other leading Chinese ADR's that are trading lower in sympathy to SOHU stock are Baidu Inc (NASDAQ:BIDU), Sina Corp (NASDAQ:SINA), Youku.com Inc (NYSE:YOKU), and Tudou Holdings Limited (NASDAQ:TUDO). Often the leading Chinese ADR's will trade higher when the U.S. Dollar Index weakens throughout the trading day. Therefore, traders should be aware of this and watch for bounces in these stocks when the U.S. Dollar Index pulls back.