Some punters are blaming likeable stuntman and actor Jackie Chan for the misfortunes afflicting Chinese real estate colossus Evergrande.

On Sunday, human rights activist Jennifer Zeng pointed out that the conglomerate has been on a losing streak ever since it picked Jackie Chan to endorse its bottled water:

It’s not the first company to suffer Chan’s ‘kiss of death’.

“As early as 2010, Chan has been mocked by Chinese consumers for the long line of companies that have gone out of business or suffered a downturn in profits after hiring him to promote their brands,” writes Taiwan News.

“Examples of companies that have taken a major hit after hiring Chan include Gree Electric, food company Synear, and Bawang shampoo, while firms that have gone belly up include California Fitness, Fen Huang Cola, and Aiduo VCD.”

On markets, the oil trade is still well and truly in play.

The ASX 200 Energy index has now posted strong gains of at least 1% for six straight sessions, and today looks like it will be the best of the lot — up more than 3% into midday trade.

Energy stocks comfortably outpaced the broader ASX 200, which fell by around 1%.

The falls followed a weak session on Wall Street, amid signs of what could be a tightening of liquidity at the edges of the global financial system.

Along with the move higher in oil prices, US Fed Chair Jerome Powell is expected to tell US Congress tonight that inflation growth may prove more persistent that previously expected.

US 10-year bond yields — viewed as a key benchmark for global interest rates — have climbed to 12-week highs of around 1.5%.

In that environment, Aussie bank stocks are higher this morning while the ASX 200 tech index lagged with a fall of more than 2%.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for Tuesday September 28 [intraday]:

Stocks highlighted in yellow made market-moving announcements.

Code Name Price % Change Volume Market Cap
LIS Li-S Energy 2.62 208% 12,970,382 $30,028,722
ANL Amani Gold Ltd 0.002 100% 4,889,439 $14,205,197
DAL Dalaroo Metals 0.335 68% 1,453,859 $5,440,000
RDT Red Dirt Metals Ltd 0.455 47% 6,672,340 $40,741,192
TUA Tuas Limited 1.355 33% 3,664,910 $473,187,201
IBG Ironbark Zinc Ltd 0.042 31% 10,759,936 $38,489,334
CAE Cannindah Resources 0.15 25% 3,869,194 $62,265,838
LNY Laneway Res Ltd 0.005 25% 308,000 $15,616,264
AUK Aumake Limited 0.024 20% 1,944,318 $12,129,193
TSC Twenty Seven Co. Ltd 0.006 20% 4,330,833 $13,304,070
DAF Discovery Africa Ltd 0.043 19% 176,494 $7,316,449
ARC Aust Rural Cap Ltd 0.6 18% 43,494 $7,592,970
SRK Strike Resources 0.14 17% 901,533 $32,400,000
MAY Melbana Energy Ltd 0.023 15% 17,199,799 $53,465,802
EVE EVE Investments Ltd 0.004 14% 1,260,219 $13,450,997
MHK Metalhawk 0.705 14% 4,465,015 $24,860,450
SCN Scorpion Minerals 0.059 13% 319,999 $13,469,622
PRM Prominence Energy 0.013 13% 13,487,962 $10,885,692
RMI Resource Mining Corp 0.027 13% 361,948 $7,821,458
ZMM Zimi Ltd 0.0135 13% 136,666 $9,047,783
NCR Nucoal Resources Ltd 0.009 13% 2,951,321 $6,148,899
BMR Ballymore Resources 0.29 12% 71,862 $18,584,301
CVS Cervantes Corp Ltd 0.01 11% 99,805 $13,986,112
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ASX debutante Li-S Energy (ASX:LIS) was the talk of markets leading up to its IPO, and the stock didn’t disappoint when it hit the boards this morning.

A spin-out of 10,000% gainer PPK Group (ASX:PPK), Li-S Energy raised $34m from investors at 85c per share which it will use to develop what it hopes to be game-changing technology for lithium sulphur batteries.

The market reaction was massive, as LIS opened above $2.50 a share for a day-one gain of more than 200%.

Elshwere on the winner’s list, another resources IPO caught the eye of investors as Dalaroo Metals (ASX:DAL) shot higher by more than 60% on debut.

Dalaroo raised $5m from investors to fund exploration efforts at two sites in WA, the Namban nickel-copper-PGE project and the Lyons River zinc-lead-copper project.

Outside of resources, gains among stocks with news were led by Tuas Ltd (ASX:TUA), the Singapore-based spinout of telco large cap TPG Telecom.

Following the merger of TPG Telecom and Vodafone in June last year, Tuas was demerged at a separate entity.

Shares in the company rose following the release of its inaugural annual report today, which showed a tripling in subscriber numbers to 392,000 over the past 11 months.
 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for Tuesday September 28 [intraday]:

Stocks highlighted in yellow made market-moving announcements.

Code Name Price % Change Volume Market Cap
CCE Carnegie Cln Energy 0.002 -33.3% 2,039,093 $44,707,721
NPM Newpeak Metals 0.0015 -25.0% 1,795,027 $13,654,870
WOO Wooboard Tech Ltd 0.0015 -25.0% 550,000 $7,644,325
ESS Essential Metals Ltd 0.17 -22.7% 9,404,346 $52,276,394
NVA Nova Minerals Ltd 0.115 -20.7% 8,532,009 $243,737,264
RTG RTG Mining Inc. 0.105 -19.2% 250,000 $83,146,265
GBR Greatbould Resources 0.17 -17.1% 9,285,535 $73,233,341
AO1 Assetowl Limited 0.005 -16.7% 321,666 $4,897,231
MTC Metalstech Ltd 0.51 -16.4% 1,397,556 $100,686,594
MTM Mt Monger Resources 0.185 -15.9% 910,807 $6,105,000
OPL Opyl Limited 0.16 -15.8% 6,178 $10,333,223
LBT LBT Innovations 0.12 -14.3% 1,098,103 $40,476,123
EN1 Engage:Bdr Limited 0.0035 -12.5% 3,000,000 $10,211,810
1VG Victory Goldfields 0.215 -12.2% 168,627 $8,273,142
BCA Black Canyon Limited 0.26 -11.9% 4,000 $9,210,048
GAS State GAS Limited 0.32 -11.1% 985,349 $62,291,630
AHC Austco Healthcare 0.13 -10.3% 219,236 $41,207,398
AM7 Arcadia Minerals 0.175 -10.3% 79,303 $6,669,000
RIM Rimfire Pacific 0.009 -10.0% 1,000,000 $18,062,447
SCL Schrole Group Ltd 0.009 -10.0% 450,000 $14,243,131
RRR Revolverresources 0.415 -10.0% 3,801,402 $37,661,328
BIR BIR Financial Ltd 0.029 -9.0% 105,780 $2,600,012
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