Stocks

Bloomberg US regulators are engaging in the stock market’s version of whack-a-mole — racing to suspend shares of companies with dubious prospects that have been hyped to the moon on social media. In a statement, the Securities and Exchange Commission (SEC) said it temporarily halted trading in 15 companies due to concerns that their stock prices were artificially inflated. One …

Bloomberg Hong Kong unveiled its first stamp-duty increase on stock trades since 1993, sparking a broad selloff in the $7.6 trillion market and sending shares of the city’s exchange to their biggest plunge in more than five years. The planned trading-tax increase to 0.13% from 0.10% was part of a raft of new measures announced in Hong Kong’s budget that …

Bloomberg The National Stock Exchange of India Ltd. (NSE) shut trading in its cash and derivative segments earlier on Wednesday, citing “issues” with telecom links of its two service providers, which it said impacted the system and stopped prices from updating. “We are working on restoring the systems as soon as possible,” a spokesperson for NSE, the world’s biggest derivatives …

Bloomberg European stocks dropped with US equity futures on Tuesday as the jump in bond yields and commodity prices continued to hammer technology shares. The Stoxx 600 Index turned lower, with tech among the laggards for a second straight day while energy shares outperformed. HSBC Holdings Plc edged lower even after results beat estimates in the fourth quarter. Hong Kong …

Bloomberg BlackRock Inc. said it’s turned bearish on credit and government bonds, downgrading the two asset classes to underweight over the long-term because of high valuations and inflation expectations. A stronger economy on the back of the Covid-19 vaccine rollout, combined with the potential for as much as $2.8 trillion of additional fiscal stimulus and higher inflation will drive up …

Bloomberg The bond selloff continued on Monday as Treasury yields climbed and sovereign debt in Australia and New Zealand slid on concerns about faster inflation, tempering stock market optimism from positive vaccine news. Ten-year Treasury yields climbed to the highest in about a year and an Asian stock gauge turned lower amid a surge in metals that put the focus …

Bloomberg Sasol Ltd., the South African chemicals and fuel maker, called off a potential $2 billion share sale and announced first-half profit more than tripled. The shares jumped to the highest in a year. The company said it has raised enough cash through asset disposals and cost savings to reduce debt and avoid a rights offer. “A decision was made …

Bloomberg While technology stocks continue to front Asia’s equity rally, one hot sector from 2020 has fallen to the bottom of the leaderboard: health care. Essentially flat year-to-date, a gauge of the sector is the worst-performing in Asia, lagging the region’s benchmark by eight percentage points. It is on track to underperform the MSCI Asia Pacific Index for a third …

Bloomberg The obstacles to higher yields in the world’s biggest debt market are slowly melting away. Bond bears appear to be having more than just a moment here at the start of 2021, with Treasury yields finally busting out of long-held ranges to levels last seen in the early days of the pandemic. Most Wall Street analysts see yields gliding …

Bloomberg Treasury yields held near their highest in a year on Wednesday, while European stocks slipped as investors assessed the bond selloff and a busy day for earnings. The Stoxx 600 Index dropped for a second day, weighed down by retailers, despite some positive corporate news. Akzo Nobel NV rises after beating estimates and announcing plans to repurchase 1 billion …