JinkoSolar Q1 Profit Declines - Update

JinkoSolar Slips To Loss In Q2

JinkoSolar Holding Co., Ltd. (JKS) reported Friday that net loss attributable to the company's ordinary shareholders for the second quarter was RMB623.3 million or US$93.1 million, compared to net income of RMB66.2 million in the prior-year quarter. Loss per ADS was RMB12.60 or US$1.88, compared to earnings per ADS of RMB1.38 last year.

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JinkoSolar Board Approves Repurchase Of Up To $200 Mln ADSs

Chinese solar module manufacturer JinkoSolar Holding Co., Ltd. (JKS) announced Wednesday that its board of directors has approved a share repurchase program, which authorizes the Company to repurchase up to $200 million of its ordinary shares represented by American depositary shares (ADSs) during an 18-month period.

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Sensex, Nifty Modestly Higher In Cautious Trade

Indian shares eked out modest gains in early trade on Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year.

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Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as global bond yields retreated following a downward revision in US GDP data that raised hopes the US Fed will look to cut interest rates at least once this year. Trades also react to a slew of economic data from China, Australia and Japan.

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Sensex, Nifty Set To Open Higher As Yields Drop On Soft US GDP Print

Indian shares may open on a positive note Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year.

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Japanese Market Modestly Higher

Recouping some of the losses in the previous three sessions, the Japanese stock market is modestly higher on Friday, despite the negative cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 38,100 level, with gains across most sectors led by index heavyweights and exporter stocks. Technology stocks were the only weak spot.

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Thai Shares May Head South Again On Friday

The Thai stock market on Thursday snapped the two-day slide in which it had stumbled more than 15 points or 1.1 percent. The Stock Exchange of Thailand now sits just above the 1,350-point plateau although it's likely to turn lower again on Friday.

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China Manufacturing Sector Falls Into Contraction - NBS

The manufacturing sector in China slipped into contraction territory in May, the latest survey from the National Bureau of Statistics showed on Friday with a manufacturing PMI score of 49.5.

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