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SHANGHAI: The frenzy that greeted China’s new Nasdaq-style stock board is already fading.
SHANGHAI: The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.
SHANGHAI: They propelled a little-known semiconductor manufacturer to a 521% surge, traded a mid-sized railway company 13 times more feverishly than the world’s largest bank and valued a chipmaking-gear producer at an eye-watering 730 times earnings.
SHANGHAI: China's new Nasdaq-style board for homegrown technology firms started trading on Monday, with most of the stocks surging in their debut.
SHANGHAI: Chinese shares fell on Wednesday as flat producer price inflation fuelled concerns about domestic growth, and a flood of initial public offerings targeting Shanghai’s new tech board diverted funds from the rest of the market.
SHANGHAI: Nine Chinese companies, among the first to float on China’s red-hot Nasdaq-style tech board, announced prices of their new share offers yesterday, taking advantage of investor fervour to market themselves at valuations some view as lofty.
SHANGHAI: China on Thursday officially launched Shanghai's Nasdaq-style tech board, with the country's top securities regulator cautioning that the hotly-anticipated STAR Market will face various challenges initially.
ALOFT Kuala Lumpur Sentral, the biggest hotel in the Aloft chain of hotels, is looking to bring back the bang in the four-star hotel segment here with its niche concept that caters to the next generation of travellers.
PORT-AU-PRINCE (Reuters) - Haiti mourned its dead on Saturday and hundreds gathered in the ruins of a wrecked Catholic cathedral to honor an archbishop and other victims killed in last week's earthquake as the government ended search-and-rescue operations.