China concept stocks Qin Qin network on Thursday fell 30%

Netease Technology News July 4 news, US stocks closed Thursday. Within the shortened trading hours prior to the National Day holiday, the major indices have all risen one after another, with the Dow breaking above the 17,000-point mark. The employment situation in the United States was good in June, with the unemployment rate dropping to 6.1%, the lowest level since September 2008.

At the close, the Dow Jones industrial average was 17,068.26 points, up 92.02 points, or 0.54%. The S & P 500 index was 1,985.44 points, up 10.82 points, or 0.55%. The Nasdaq at 4,485.92 points, up 28.19 points, or 0.63%.

China stocks rose mixed on Thursday. 12 stocks rose more than 3%, of which three stocks rose more than 5%. Vang Viacom (NASDAQ: VIMC) is up 9.15%, Touran (NASDAQ: TOUR) is up 9.87% and Ku6 Media (NASDAQ: KUTV) is up 10.69%. Five stocks fell below 3%, two of which fell more than 5%. China Mobile Games (NASDAQ: CMGE) fell 5.23%, net Qin (NYSE: NQ) plunged 32.25%.

NetQin (NYSE: NQ) released the PwC Zhongtian latest audit of its audit. The accounting firm said it needed to expand the scope of its 2013 audit and NetQin said it was considering PwC's request. In addition, the company also replaced the original independent audit committee chairman, who also resigned from the net Qin board.

Shorting agency "muddy water" since the report released last October, said NetQin financial report is not real, the company there is "large-scale fraud." In just a few days after the report was released, net Qin shares fell from a high of 25.90 US dollars to 7.58 US dollars. As NetQin later announced its cooperation with operators such as Sprint, the company's stock price once rebounded to 22.33 U.S. dollars in February this year.

Earlier this month, NetQin said PriceWaterhouseCoopers found during the independent audit that the company's financial reports were "real and credible," with deposits and revenues in line with the previous public figures, though the company's internal controls were slightly "loose." However, a statement issued Thursday said directly that PwC needed additional procedures to expand the scope of the audit.

Net Qin shares today suffered heavy losses, opened immediately reported a low of 5.31 US dollars. The stock hit a fresh 52-week low at $ 4.23 a share. The stock chart is currently trading at 3519.00 units, traded in an average volume of 7.92 million daily within the last 30 days. Net Qin today closed at 4.58 U.S. dollars, down 2.18 U.S. dollars, down 32.25%. (Abby)