Stock Movers: Why 4 China Nets Were Big Losers Today
Chinese Internet stocks have grown at a remarkable pace in recent years. But the sector has paused recently as China’s overall economic growth slowed. Among the stocks showing the biggest downward movement on today’s IBD Stocks On The Move list are four China-based tech companies. China Mobile Games & Entertainment (CMGE), which develops and distributes video games for mobile devices, was near the top of the list, dropping 5.5% to 224.19 on the