A grouping of Chinese tech giants has outpaced the Nasdaq 100 in the past year, even as forward valuations for the Chinese names remain much cheaper than those for the US index.
But Goldman Sachs Asset Mgmt Co-Head of Public Tech Investing, Sung Cho, tells us why he’s still bullish on US tech. (Source: Bloomberg)

China’s Baoshan Iron & Steel Co. is in discussions with several potential partners about investing in steel projects, with the primary focus on Asia, the Middle East and North Africa.

The nation’s top steel producer, known as Baosteel, is “actively considering” overseas investment targets, according to a statement on Friday posted on Wechat. The remarks were made at the company’s briefing for its first-half results, which was attended by executives including Chairman Zou Jixin.

Copper climbed toward its key threshold of $10,000 a ton on the London Metal Exchange, after advancing last month on a weaker dollar and relatively resilient demand.

The wiring metal gained 3% in August, and rose as much as 0.3% to $9,928 a ton on Monday. A softer dollar tends to benefit commodities priced in the greenback by making them cheaper for non-US buyers.