The Nasdaq Stock Market Inc on Monday said it signed a memorandum of understanding with the Shanghai Stock Exchange, the latest agreement struck by the US exchange with an Asian counterpart.
Nasdaq, the top US electronic exchange, said the aim of the agreement was to develop channels of communication and forge an ongoing relationship. Nasdaq said it lists 29 Chinese companies with a combined market value of $20.1 billion.
Shares of the exchange were up 38 cents, or 1.05 percent, to $36.63 in late morning trading on Nasdaq. Nasdaq on Friday announced memorandums of understanding with the Korean Stock Exchange and with the Japan Stock Exchange.
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