Stocks

Bloomberg India stocks swung between gains and losses as investors braced for the impact of the upcoming US Presidential election on global markets. The S&P BSE Sensex declined 0.6% to 39,396.84 as of 10:12 am in Mumbai, after gaining as much as 0.7% earlier, while the NSE Nifty 50 Index slipped by a similar magnitude. Both gauges last week capped ...

Bloomberg Ant Group Co.’s highly-anticipated initial public offering in Shanghai is set to intensify rivalry between the bourse and its competitor Shenzhen, as both aim for the top spot in China’s $9.9 trillion equity market. The megacities house two of the world’s largest 10 stock-exchange operators, and have for decades jostled to become the go-to destination for firms wanting to ...

Bloomberg A slowing pace of virus infections and optimism over China’s economic recovery is burnishing the appeal of Asian stocks for some money managers as volatility in global markets jumps ahead of next week’s US vote. GAM Investment Management, Robeco Hong Kong Ltd. and Nordea Investment Funds SA see regional shares extending October’s gains, regardless of who wins the election. ...

Bloomberg European stocks dropped to a five-month low and US equity futures slumped as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from pandemic. The Stoxx Europe 600 Index sinks 2.5% after German Chancellor Angela Merkel proposed closing bars and restaurants for a month to curb the spread of the virus. The selloff across Europe ...

Bloomberg South Africa’s main stock index dropped as much as 0.8% to the lowest since September 28 as major mining companies led the declines, with investors globally concerned about the impact of the worsening pandemic on economic activity and as jitters over next week’s US presidential election rise. Locally, traders are awaiting Finance Minister Tito Mboweni’s medium-term budget statement. The ...

Bloomberg US equities were mixed as investors weighed corporate earnings and news of Advanced Micro Devices Inc.’s $35 billion takeover of another chipmaker with concerns about growing virus infections. The dollar slipped. Technology shares were among the best performers after AMD said it would buy Xilinx Inc. Energy shares and financial companies dragged on the major indexes. The S&P 500 ...

Bloomberg Ghana is missing out on a rally of African bonds as investors fret about an expansion in spending and borrowing ahead of elections in December. The elevated borrowing to cover the spending shortfall has seen the country’s three-year and longer-dated local bond yields rise on the secondary market even as those of its peers on the continent are falling. ...

Bloomberg European stocks and the US futures dropped as coronavirus infections continued to climb and investors doubted that Washington lawmakers will reach an economic stimulus package anytime soon. German software maker SAP SE plunged 20% after cutting its revenue forecast, saying that pandemic will continue to hurt business. Investors sought protection in haven assets. Treasuries rise, sending yields on the ...

Bloomberg India stocks fall as an elusive US stimulus deal kept sentiment muted in the region while investors closely watched local companies’ earnings. The S&P BSE Sensex lost 1.6% to 40,042.70 as of 2:19 pm in Mumbai, while the NSE Nifty 50 Index also declined by the same magnitude. “It is predominantly global factors at play here with US futures ...

Bloomberg China’s fast-growing $157 billion market for exchange-traded funds became directly accessible to overseas investors, at least four years since the plan was first hatched. Four so-called “feeder” ETFs began trading in Shenzhen and Hong Kong, the first batch in a project aimed at connecting the two markets. The Shenzhen funds track the Hang Seng China Enterprises Index and the ...