Overnight in the stock: China star micro-counter market plunged 12.31%

Absrtact: The US August new home sales figures were better than expected, helping to boost market sentiment. The U.S. stock market in Wednesday, the Dow rose 0.9%, NA and the S & P 500 index ended the third company fell; China concept stocks rose, Macaulay Rose 10.35%, the star micro-counter market plunged 12.3

The US August new home sales figures were better than expected, helping to boost market sentiment. The U.S. stock market in Wednesday, the Dow rose 0.9%, NA and the S & P 500 index ended the third consecutive fall; Chinese concept stocks rose, Mai Lin Rose 10.35%, the star micro-market plunged 12.31%, listed the fourth trading day, Alibaba Rose 3.9%.

Macaulay (Nasdaq Securities Code: MCOX) reported that the net revenue for the second quarter was 21.8 million U.S. dollars, flat against a year earlier, with a net loss of $12.1 million and a net loss of $6.2 million a year earlier.

Mecoxlane announced August 8 this year, the company's board of directors approved the split apparel and accessories business. It will sell Mixblu and its subsidiaries to fast fashion China, which is controlled by the former chief executive, in accordance with an equity acquisition agreement reached on August 8, 2014. In view of this, Macaulay in the second quarter of the earnings will be the apparel and accessories business as a non-sustainable operations.

Other active stock situation: Cheetah Mobile Rose 7.27%, the technology rose 6.23%, China sees media up 5.67%; cool 6 down 5.8%. The Wednesday close of the Chinese concept stock market is as follows:

The above transaction price unit is USD; In the market value, B represents 1 billion dollars, M stands for 1 million dollars, and K represents 1000 dollars.