Business > Tech

10 things you need to know before the opening bell

4 monthes ago   |   By Business Insider

This is what you need to know.
1. China just launched its own Nasdaq for local tech IPOs and one stock soared more than 500%. The Star Market was announced by President Xi last year, in the hope it will encourage domestic tech investment and Chinese businesses listing in China.
2. Oil is surging as traders brace for the UK's response to Iran's seizure of a British-flagged oil tanker. West Texas Intermediate and Brent crude prices rose more than 2% after Iran seized the Steno Impero and signaled it wouldn't let go of the vessel until the UK released an Iranian-flagged ship it seized earlier...
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Shares Soar on First Day of Trading for China's Nasdaq Rival

Shares Soar on First Day of Trading for China's Nasdaq Rival

4 monthes ago   |   By Time

Executives from 25 tech companies gathered in Shanghai to celebrate the start of trading of China's new stock board, which launched Monday morning.
After a day of trading, it's clear they had reason to celebrate; the companies listed on Shanghai Stock Exchange's Sci-Tech Innovation Board , ranging from chipmakers to biotech businesses, closed their first day of trading up 84 to 400% higher than their IPO prices, with an average gain of 140%, according to the Financial Times .
The shares of one company, Anji Microelectronics Technology Co. Ltd., were up 415% by the midday trading break...
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China just launched its own Nasdaq for local tech IPOs and one stock soared more than 500%

China just launched its own Nasdaq for local tech IPOs and one stock soared more than 500%

4 monthes ago   |   By Business Insider

China launched its answer to the Nasdaq and some shares surged. More than 24 stocks IPO'd.
The Star Market was announced by President Xi last year, in the hope it will encourage domestic tech investment and Chinese businesses listing in China.
More than 140 companies have signed up totalling $18.7 billion.
View Markets Insider for more stories.
China launched its new tech focused stock exchange today - the Star Market, in what is being seen as China's answer to the Nasdaq.
Like the Nasdaq, equities are focused on tech and science, and opening trade was met with a frenzied burst, with gains...
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