Stocks

Bloomberg Treasury yields rise with commodities before US President Joe Biden unveils an economic plan including a $2 trillion infrastructure boost. Stocks were mixed as traders weighed inflation and the tax impact of the new plan. US index futures and European stocks were little changed after Asia’s equity benchmark posted a second-day decline. The dollar fluctuated between gains and losses, …

Bloomberg US Treasury yields rise with stocks as the reflation trade gained momentum amid President Joe Biden’s big spending plans on the heels of ramped-up vaccine efforts. European stocks opened higher, led by banks and miners, as investors weighed prospects of a stronger-than-expected global recovery led by the US. Equity-index futures were mixed as traders assessed the fallout from the …

Bloomberg Shares of ByteDance Ltd., the Chinese parent of hit video app TikTok, are trading at a valuation of more than $250 billion in the secondary market, according to people familiar with the matter. The Beijing-based startup’s value has surged in recent weeks as investors gain confidence in the business and founder Zhang Yiming weighs options for an initial public …

Bloomberg US equity-index futures fall and European stocks pared gains as traders braced for potential fallout from a wave of forced selling that rattled nerves and took the shine off a record Wall Street close. Oil slid after the ship blocking the Suez Canal was refloated. Contracts on the S&P 500 declined following revelations that Archegos Capital Management LLC — …

Bloomberg The massive selloff in US-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc. The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at …

Bloomberg Goldman Sachs Group Inc. liquidated $10.5 billion worth of stocks in block trades, part of an extraordinary spree of selling that erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to US media conglomerates. The Wall Street bank sold $6.6 billion worth of shares of Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings …

Bloomberg There are superlatives aplenty for the fierce comeback of Asia’s value stocks this quarter: They’re set to trounce growth peers by the most in two decades. Finance shares bested all other sectors. Last year’s abandoned market, Singapore, is now an investor darling. Even as some pockets no longer look cheap, value-focused investors say money can still be made from …

Bloomberg Overseas investors have been pulling out of Malaysian equities for 20 straight months. March could mark the turn of the tide. Foreigners have poured a net $97 million into local stocks this month through March 22, while withdrawing a combined $1 billion from four other Southeast Asian markets tracked by Bloomberg. The inflows come as valuation of Malaysia’s main …

Bloomberg The Nasdaq 100 Index led US equity futures higher while Treasury yields were poised for a third day of declines. Futures on the S&P 500 and Dow Jones Industrial Average also pointed to a recovery in the underlying gauges which slipped amid a setback for reopening favourites. Government bond yields fall across Europe. Assurances by Federal Reserve Chairman Jerome …

Bloomberg China’s equity benchmark edged back towards its 2021 low, briefly piercing through a key support level as traders sold everything from electronic cigarette stocks to raw-materials firms amid broader concerns over earnings and valuations. The CSI 300 Index falls 1% to close at 5,009.25 points, extending its decline from this year’s peak to nearly 14% just days after the …