US MARKETS

China's largest online travel agencies lower in US trading after recent share-swap boost

PUBLISHED : Wednesday, 04 November, 2015, 12:54am
UPDATED : Wednesday, 04 November, 2015, 12:54am

US-listed shares in China’s two largest online travel agencies traded down after a recent share-swap deal bolstered the firms’ prices.

Ctrip.com was down by 1.63 per cent to US$94.79 in early trading on Tuesday. Qunar Cayman Islands were down 0.46 per cent to US$43.55.

The companies announced a major share-swap agreement late last month that boosted both companies prices.

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