Stocks

Bloomberg Kakao Pay Corp, South Korea’s largest mobile payments app, more than doubled in its debut in Seoul, following a rocky path to public markets that was marked by heightened regulatory scrutiny. Shares of Kakao Pay surged more than 150% in early trading on Wednesday after pricing the offering at 90,000 won. The startup, backed by Jack Ma’s Ant Group …

Bloomberg European stocks fall and US index futures were mixed as an earnings-driven rally stalled amid a deepening supply crunch and coronavirus curbs in China. The Treasury yield curve steepened before the Federal Reserve’s policy meeting. December contracts on the Dow Jones Industrial Average slipped after the underlying gauge surged past the 36,000 mark. Russell 2000 contracts rose. The yield …

Bloomberg In a year already packed with superlatives, the fund industry has a new milestone to celebrate. Inflows into exchange-traded products (ETFs) across the world have just surpassed $1 trillion in 2021, according to data compiled by Bloomberg. The $3.9 billion added by investors in the latest data carried the sum past the magic mark. Even with two months left …

Bloomberg Stocks fluctuated as traders assessed corporate earnings and economic data, with the Federal Reserve getting ready to wind down stimulus. The S&P 500 was little changed as losses in technology shares offset gains in commodity and retail firms. The Dow Jones Industrial Average earlier touched the 36,000 level for the first time. A gauge of small caps climbed about …

Bloomberg Japanese stocks jumped after the ruling coalition secured an election victory that was better than many had expected, paving the way for the administration of Fumio Kishida to begin enacting economic stimulus. The benchmark Topix gained 2.2%, the most since September 24, while the blue-chip Nikkei 225 Stock Average climbed 2.6%, the most since June 22. Utilities were among …

Bloomberg A year after Beijing kicked off a policy clampdown that roiled stock markets from Shanghai to New York, the most beaten-down targets — China’s technology firms — are still facing a rocky outlook. The Hang Seng Tech Index, which tracks the nation’s biggest technology companies, has failed to break out of the tight trading range it has been in …

Bloomberg Tesla Inc’s ascent into the most exclusive of corporate clubs — the $1 trillion capitalisation set — has investors guessing on which company will be the next to join. The technology industry represents five of the six current members and may well be the spawning ground for the next. But there is competition. The commodity supercycle, the global push …

Bloomberg Hong Kong’s stock exchange (HKEX) reported its second consecutive quarterly profit decline against a backdrop of a widening crackdown by China on a broad range of sectors that roiled markets and triggered delays of major initial public offerings. Dragged down by falling investments, net income at Hong Kong Exchanges & Clearing Ltd fell to HK$3.25 billion ($418 million) in …

Bloomberg The Canadian stock market posted its longest streak of gains ever as a rally in commodities pushed the benchmark higher for a 14th straight session. The S&P/TSX Composite Index rose 0.3% to an all-time high. It has added about C$237 billion ($191 billion) in market value during its recent winning streak, according to data compiled by Bloomberg. US oil …

Bloomberg China’s darkening supply-chain clouds have brought a silver lining to some lesser-known Indian stocks, in particular those which stand to benefit from expanding global supplier lists as well as the nation’s efforts to create worldwide champions. Electronic-parts maker Dixon Technologies (India) Ltd has jumped more than 80% this year, partly driven by hopes that the Samsung Electronics Co supplier …