Wall Street is in green territory with the main indexes edging higher. LiNiu Technology (LINU, Financial) jumped about 15% after reporting first half 2017 results. The company posted net loss of $5.7 million or 48 cents per share, compared to net loss of $129.3 million, or $12.29 per share, for the six months ended June 30, 2016.
Earlier this year, in the first quarter of 2017, the company acquired 51% of Jia-Heng Industrial Ltd., the holding company of LiNiu Network, an electronic B2C, C2C and O2O trading platform focused on the Chinese agricultural industry.
Wang Shun Yang, co-CEO, said that the company focused on the LiNiu Network while helping agricultural customers and suppliers to use the new platform.
“As we move into 2018, we plan to further ramp up our efforts to drive customer awareness and traffic by establishing new relationships with larger online platforms," he said.
Gainers
· Chesapeake Energy Corp. (CHK, Financial)
· Netflix Inc. (NFLX, Financial)
· Autozone Inc. (AZO, Financial)
· Cabot Oil & Gas Corp. (COG, Financial)
Losers
· Discovery Communications Inc. (DISCA, Financial)
· Monster Beverage Corp. (MNST, Financial)
· Kimberly-Clark Corp. (KMB, Financial)
· Altria Group Inc. (MO, Financial)
· Foot Locker Inc. (FL, Financial)
Global markets
The main European stock markets traded mostly lower. The U.K.'s FTSE gained 0.03%, while Germany's Dax closed down 0.69%, France's CAC traded down 0.55% and Spain's Ibex retreated 0.71%.
In Asia, Japan's Nikkei close down 0.56% and India’s BSE Sensex fell 0.19%, while Hong Kong's Hang Seng closed up 0.09%, and China´s SEE Composite inched up 0.63%.
Disclosure: The author holds no positions in any stocks mentioned
