• US steel production falls back in June

    Shanghai rebar prices dropped more than 2% on Thursday to 3,429 yuan or $513 – a week ago the world's most traded steel futures contract hit its highest level since 2013. Data released on Monday showed Chinese steel output last month rose 5.7% from the year before to a record 73.2m tonnes, surpassing April's all-time high of 72.8m tonnes. For the first six months Chinese furnaces pumped out 4.2% more steel, to just under half the global total according to the World Steel Association. Global stee

  • Alibaba, Tencent Make the Fortune Global 500 Cut, With Four Large Chinese Banks Top Five in Profits

    Fortune Magazine released its latest ranking list of the Fortune Global 500 yesterday. Wal-Mart Stores Inc. [NYSE:WMT] comes in first for the fourth consecutive year, followed by the State Grid Corp. of China, China Petrochemical Corp. [NYSE:SNP], China National Petroleum Corp. PetroChina [NYSE:PTR] and Toyota Motor Corp. [NYSE:TM], exactly in that order. Apple Inc. [NYSE: APPL] tops the profit list, with the other four of the top five all Chinese commercial banks: Industrial and Commercial Bank of China

  • China unveils plan to become a world leader in AI by 2025

    China unveiled a national artificial intelligence (AI) development plan on Thursday, laying out its ambitions to build world-leading technology amid heightened international friction over applications of AI in military technology. The value of the country's core AI industries will exceed 150 billion yuan ($22.15 billion) by 2020 and 400 billion yuan ($59.07 billion) by 2025, the State Council said in a notice on Thursday. "The situation with China on national security and international competitio

  • Iron ore soars past $70 a tone

    Iron ore continued this week’s sharp rally and is now back above $70 a tonne, a level not seen since April 11. Ore with 62% content in Qingdao climbed 2% to $70.24 a tonne, according to the Metal Bulletin. It means that since Monday the commodity has surged about 7%. And from the recent low of $53.36 a tonne hit on June 13, the benchmark price is up almost 32% — an impressive return in a little over a month. The fresh surge comes at a time when Chinese steel prices are rallying,

  • Gobi Partners Joins $15.5M Round In U.K. AR Firm WaveOptics

    Gobi Partners, a Shanghai-based venture capital firm focused on information technology, telecom, media and technology (TMT) and digital media industries, has joined a US$15.5 million series B round in WaveOptics, a U.K.-based augmented reality (AR) company. Existing investors Octopus Ventures, Touchstone Innovations plc, Robert Bosch Venture Capital GmbH also participated in the round, according to a company announcement. The successful introduction of the AR game Pokemon Go last year by Nintendo has brou

  • Beijing eases oversight of some investments overseas

    China will relax its supervision of outbound investment projects, with attention focusing only on investment in several key industries after tightened measures were implemented last year. "Regulatory authorities will continue to pay close attention to overseas investment in key industries such as property, hotels, entertainment, cinemas and sports clubs," said Yan Pengcheng, spokesman for the National Development and Reform Commission. Yan said companies planning to invest in those industries in

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NAI 500 Company Movers

NAI 500 Volume Leaders

Symbol Closing Price Change% Vol(k)
LSG 2.08 +8.33% 12,327
EGZ 0.10 +0.00% 2,963
WLC 0.47 --2.11% 2,867
Symbol Closing Price Change% Vol(k)
TBE 0.03 +0.00% 8,463
OIL 0.01 +0.00% 4,763
CFW 3.19 --0.62% 3,222
Symbol Closing Price Change% Vol(k)
MSTX 0.13 --5.28% 15,259
CYTX 0.48 --56.77% 7,413
AEZS 2.30 --19.86% 5,089
Symbol Closing Price Change% Vol(k)
OCLR 10.11 +2.12% 7,131
AAOI 95.63 +6.31% 6,753
GLUU 2.76 +0.73% 3,609

NAI 500 Percent Gainers

Symbol Closing Price Change% Vol(k)
AUE 0.03 +20.00% 1,176
RBX 0.11 +16.67% 224
CUM 0.90 +13.92% 862
Symbol Closing Price Change% Vol(k)
PPY 5.52 +7.39% 969
ERN 1.70 +6.25% 35
PNE 0.77 +5.48% 0
Symbol Closing Price Change% Vol(k)
RVP 1.45 +14.17% 1,239
CRH 4.50 +10.57% 1,218
NWBO 0.28 +10.22% 1,630
Symbol Closing Price Change% Vol(k)
SPDC 0.06 +14.12% 0
MRGE 1.75 +10.06% 67
LIVE 10.86 +6.53% 18

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