SOHU beats by 0.21 up 6% premarket VODONE (0082.MK) FMCN internet partner, up 72% ovenight heavy trading 377 million shares (usually 11 million) Fosun up 9% on heavy volume Hang Seng up 5.54% overnight
All good signs for FMCN. Something's going to pop.
the key in sohu's announcement, is that they forcase Q2 brand advertising sales about 7-10% higher than Q1. which is a good indicator that the ad industry might be recovering in China. Regardless of whether sina/fmcn deal will go through or not, the bottom line is that if fmcn business is improving, the stock should trade up.