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7 stories mentioning XNETUpdated 34d ago

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Sectors

Sector Update: Tech Stocks Fall Premarket Friday

Technology stocks were falling premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 2.9%.ON Semiconductor (ON) stock was down more than 13% after the company said it will acquire Synaptics (SYNA) in an all-stock deal with an enterprise value of about $7 billion, expanding its edge AI capabilities. Shares of Synaptics were up 4.5% pre-bell.Xunlei (XNET) shares were up more than 1% after the company said its board authorized a new equity buyback of up to $20 million of its shares over a 12-month period beginning July 1.Domo (DOMO) said Chief Technology Officer Daren Thayne will resign from his position, effective July 10, to take another executive role. Shares of Domo were up more than 3% premarket.

$DOMO$ON$SYNA$XLK$XNET$XSD
Wire

Xunlei Approves $20 Million Share Buyback Plan

Xunlei (XNET) said Friday its board authorized a new equity buyback of up to $20 million of its shares over a 12-month period beginning July 1.The company intends to acquire either common stock or American depositary shares through open market transactions, algorithmic trading, block trades, or private deals, the company said.Xunlei will fund the repurchase using available cash balances, and held around $303.6 million in cash, cash equivalents, and short-term investments as of March 31, it said.Shares of the company were up 2.6% in Friday premarket trading.

$XNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Wednesday Trading

Asian equities traded in the US as American depositary receipts were climbing sharply higher Wednesday morning, rising 1.16% to 2,892.96 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and semiconductor company Silicon Motion Technology (SIMO), which were up 5.5% and 4.6% respectively. They were followed by lender Nomura (NMR) and game live-streaming service HUYA (HUYA), which rose 3.8% and 3.3% respectivelyThe decliners from North Asia were led by used car marketplace Uxin (UXIN) and tech company Xunlei (XNET), which fell 6.1% and 5.4% respectively. They were followed by lender CNFinance (CNF) and mobile big data platform Aurora Mobile (JG), which were down 4.9% and 3.4% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which advanced 4.6% and 4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which were up 0.7% each.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and computer hardware maker Canaan (CAN), which dropped 13.6% and 3.6% respectively. They were followed by telecommunications operator PLDT (PHI) and IT company Sify Technologies (SIFY), which dropped 2.7% and 1.1% respectively.

$CANPHI$CNF$HDB$HIMX$HUYA$JG$NMR$SE$SIFY$SIMO$TDTH$TLK$UXIN$WIT$XNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Decline in Thursday Trading

Asian equities traded in the US as American depositary receipts were tracking lower Thursday morning, declining 0.68% to 2,861.52 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by real estate management and digital security company Eason Technology (DXF) and tech company Xunlei (XNET), which climbed 12.1% and 5.5% respectively. They were followed by wealth management firm Noah (NOAH) and mobile app developer Cheetah Mobile (CMCM), which advanced 3.7% and 0.7% respectively.The decliners from North Asia were led by fintech firm LexinFintech (LX) and game live-streaming service DouYu International (DOYU), which dropped 6.1% and 4.4% respectively. They were followed by brand platform 36Kr (KRKR) and fintech company Qfin (QFIN), which were down 2.5% and 2% respectively.From South Asia, the gainers were led by IT firm Wipro (WIT) and computer hardware maker Canaan (CAN), which rose 7.3% 0.5% respectively. They were followed by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which were up 0.4% and 0.2% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and tech conglomerate Sea (SE), which fell 5% and 0.9% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender HDFC Bank (HDB), which were off 0.6% and 0.4% respectively.

$CAN$CMCM$DOYU$DXF$HDB$KRKR$LX$NOAH$PHI$QFIN$SE$SIFY$TDTH$TLK$WIT$XNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Tuesday Trading

Asian equities traded in the US as American depositary receipts were trending sharply lower Tuesday morning, falling 0.95% to 2,830.82 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education company 17 Education & Technology Group (YQ) and real estate management and digital security firm Eason Technology (DXF), which surged 11% and 9.6%, respectively. They were followed by healthcare platform 111 (YI) and casino and resort operator Melco Resorts & Entertainment (MLCO), which advanced 4% and 3.2%, respectively.The decliners from North Asia were led by game live-streaming service HUYA (HUYA) and semiconductor company Himax Technologies (HIMX), which dropped 7.5% and 7%, respectively. They were followed by utilities company Korea Electric Power (KEP) and tech company Xunlei (XNET), which lost 5.1% and 4.8%, respectively.From South Asia, the only gainers were fintech firm Trident Digital Tech (TDTH) and tech conglomerate Sea (SE), which rose 12% and 11%, respectively.The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Wipro (WIT), which fell 5.6% and 2.3%, respectively. They were followed by computer hardware maker Canaan (CAN) and IT firm Infosys (INFY), which were down 2.2% and 2%, respectively.

$CAN$DXF$HIMX$HUYA$INFY$KEP$MLCO$RDY$SE$TDTH$WIT$XNET$YI$YQ
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading

Asian equities traded in the US as American depositary receipts opened the week tracking higher Monday morning, rising 0.80% to 2,811.45 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services (CCM) and Friends (JF), which rose 20% and 3.3% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and tech company Xunlei (XNET), which were up 2.9% and 2.4%, respectively.The decliners from North Asia were led by travel company Tuniu (TOUR) and semiconductor company Himax Technologies (HIMX), which fell 6.6% and 5%, respectively. They were followed by media company Phoenix New Media (FENG) and brand platform 36Kr (KRKR), which were down 4.8% and 1.6%, respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and telecommunications operator Telekomunikasi Indonesia (TLK), which advanced 3.4% and 1.6%, respectively. They were followed by lenders ICICI Bank (IBN) and HDFC Bank (HDB), which increased 0.3% and 0.2%, respectively.The decliners from South Asia were led by tech company Trident Digital Tech (TDTH) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 2.9% and 1.4%, respectively. They were followed by IT firm Infosys (INFY) and tech conglomerate Sea (SE), which lost 0.1% each.

$CAN$CCM$FENG$HDB$HIMX$IBN$INFY$JF$JG$KRKR$RDY$SE$TDTH$TLK$TOUR$XNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading

Asian equities traded in the US as American depositary receipts were tracking moderately higher Thursday morning, rising 0.36% to 2,768.22 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and solar panel maker JinkoSolar (JKS), which advanced 4.3% and 4.1% respectively. They were followed by fintech firm LexinFintech (LX) and tech company Xunlei (XNET), which increased 2.5% and 2.3% respectively.The decliners from North Asia were led by electric vehicle maker NIO (NIO) and semiconductor company Silicon Motion Technology (SIMO), which fell 3.7% and 3.5% respectively. They were followed by internet and data center services provider VNET Group (VNET) and semiconductor company Himax Technologies (HIMX), which were down 2.1% and 1.5% respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which rose 0.7% and 0.6% respectively. They were followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which were up 0.5% and 0.2% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 0.4% and 0.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which were off 0.2% and 0.1% respectively.

$HIMX$IBN$INFY$JKS$LX$NIO$PHI$RDY$SE$SIFY$SIMO$TLK$VNET$WIT$XNET$ZLAB

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