Stocks

Bloomberg Taiwan’s equity benchmark broke a record that stood for three decades, helped by the biggest surge in years for the economy’s biggest stock. The Taiex closed 2.3% higher Monday as Taiwan Semiconductor Manufacturing Co. soared the 10% daily limit. The $35 billion addition to its market capitalisation makes TSMC the 12th most valuable stock worldwide, ahead of US retail …

Bloomberg European equities moderately extended last week’s drop, as new virus data suggested setbacks in global efforts to contain coronavirus pandemic, with airlines and other travel-exposed stocks leading declines. The Stoxx Europe 600 Index was down 0.4% as of 8:20 am in London, with most sectors in negative territory. German stocks rose 0.4%, while Spain’s IBEX was the worst-performing large-country …

Bloomberg South Africa’s main stock index gains 0.3% in Johannesburg, as a weaker dollar boosts prices of precious metals, with record bullion prices lifting gold producers to a fresh all time record, and higher platinum prices bolstering local producers. Risk sentiment has been strengthened by optimism over the upcoming US Federal Reserve meeting, which has drowned fears over simmering Sino-American …

Bloomberg Treasuries traders are once again eyeing record low yields, with dimming hopes for a sharp US growth recovery fuelling expectations that the Federal Reserve is about to signal more accommodation ahead. The benchmark 10-year yield just posted its lowest-ever weekly close, at 0.59%. And after stripping out inflation, the real yield — one of the market’s purest reads on …

Bloomberg After a dreadful March quarter for Asian corporations, investors are bracing for another wave of reporting cards that will reflect the first full three-month period during the worst virus outbreak in living memory. More than 280 companies on the MSCI Asia Pacific Index are expected to report results next week, and the number will continue to climb in August. …

Bloomberg Futures on the S&P 500 Index dropped with European stocks after China said the US ordered the closure of its consulate in Houston, further stoking tensions between the two countries. Treasuries edged higher and the dollar erased a loss. The yuan weakened after a Chinese Foreign Ministry spokesman said the move was unilaterally initiated by the US and China …

Bloomberg Indian stocks swung between gains and losses in early trade as investors weighed valuations and quality of quarterly earnings. The S&P BSE Sensex fell 0.1% to 37,882.06 as of 10:10 am in Mumbai after gaining as much as 0.7%. The NSE Nifty 50 Index also slipped 0.1%, erasing an initial advance. Both measures capped five-straight days of gains, breaching …

Bloomberg Singapore Exchange Ltd. (SGX) and Nasdaq Inc. will extend their partnership to help companies access capital in both jurisdictions. The increased cooperation will include a streamlined framework for issuers seeking a secondary listing on Singapore Exchange, SGX said in a statement. The two exchanges are deepening their partnership at a time when the tensions between the US and China …

Bloomberg European stocks climbed to a four-month high and German equities erased losses for the year after leaders agreed on a landmark recovery plan. Markets across the region are giving a vote of confidence to the 750 billion euros ($860 billion) stimulus package. Italy’s stock benchmark added 2%, leading gains among local exchanges. A gauge of risk in Europe’s investment-grade …

Bloomberg Hong Kong Exchanges & Clearing Ltd. surged as much as 9.5%, its biggest jump in five years, after billionaire Jack Ma’s Ant Group announced plans to seek a dual listing in Hong Kong and Shanghai, bypassing New York. Ant Group is seeking a valuation of more than $200 billion as it goes public, and could raise more if market …