Stocks

Bloomberg Think the selloff in technology stocks has been bad? If US Treasury yields keep rising, it’s probably going to get worse. That’s the widespread thinking on Wall Street as the surge in yields batters growth stocks that have been trading at lofty levels. That’s helped fuel a 2.9% drop in the Nasdaq 100 Stock Index on Tuesday, led by ...

Bloomberg Gold edged up from the lowest in almost seven weeks as Treasury yields eased following dovish commentary from Federal Reserve Chair Jerome Powell. The benchmark 10-year US yield declined after touching the highest since June on Tuesday, boosting appeal of non-interest bearing bullion. The dollar steadied at near the highest since November. During a Senate Banking Committee hearing, Powell ...

Bloomberg Indian bonds gained after the government refrained from adding to its near-record borrowing plan for the year, bringing some supply relief to the market battered by rising Treasury yields and oil prices. The administration will adhere to its plan to borrow 12.05 trillion rupees ($163 billion) in the year through March, the finance ministry said in a statement. The ...

Bloomberg Stocks and US index futures declined as investors reassessed valuations in the wake of a spike in Treasury yields. Oil headed for multiyear highs amid a global supply crunch. Contracts on the Nasdaq 100 Index plunged 1.4%, signaling the technology-heavy gauge may extend the losses. S&P 500 futures fall 0.8%. The five-year Treasury yield rises above 1.03% and the ...

Bloomberg European stocks and US index futures rise as investors assessed whether global growth can withstand a slowdown in China and a global energy crunch. Contracts on the S&P 500 Index advanced 0.3% after a three-day rally in US stocks. Treasury yields advanced as traders braced for speeches by Federal Reserve policy makers this week. Tightening oil supplies sent West ...

Bloomberg Indian stocks are expected to move in a “calibrated manner” after the benchmark index more than doubled since March last year, driving up the valuations, according to Girish Pai, head of research at Nirmal Bang Equities Pvt. BSE Sensex index had touched the 60,000 mark for the first time on September 24, driven by optimism for recovery in businesses ...

Bloomberg The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. A dramatised survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc, and is the first Korean drama ...

Bloomberg Two of the world’s largest Bitcoin exchanges have halted new registrations for Chinese users and one will retire current accounts, taking actions to comply with Beijing’s latest crypto ban. Exchange operators Huobi and Binance have stopped letting traders use mainland China mobile numbers to register new accounts, after the People’s Bank of China (PBOC) said all crypto-related transactions will ...

Bloomberg Prudential Plc plans to raise as much as $2.4 billion from its Hong Kong share offering after pricing the stock at a slight discount to its last close in Hong Kong. The London-based insurer is selling up to 130.8 million shares at HK$143.80 apiece, it said in a statement. Prudential plans to use proceeds from the offering to redeem ...

Bloomberg India should put off a plan to shorten settlement of stock transactions as it raises the risk of default by local brokerages and dims the country’s allure to global investors, a lobby group said. Capital market regulator, Securities and Exchange Board of India (Sebi), has announced a proposal to allow stock exchanges to offer next-day settlement in some stocks ...