Stocks

BLOOMBERG A gauge of Chinese shares traded in Hong Kong inched closer to a bear market as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan kept investors away. The Hang Seng China Enterprises Index (HSCEI) slumped 1.3% on Monday, taking its losses from a January 27 peak to a whisker away from reaching 20%. Meituan was the ...

BLOOMBERG US equity futures wavered as strong economic data raised the possibility on more interest rate rises, dampening some of the optimism about a potential debt-ceiling deal. Contracts on the S&P 500 traded flat, while the tech-heavy Nasdaq 100 ceded some gains. Treasury yields climbed after the data, reversing earlier declines. A report on consumer spending painted a picture of ...

BLOOMBERG Nasdaq Inc may be the coveted destination for tech companies looking to go public. But the exchange had to pull out all the stops to lure chip designer Arm Ltd, likely to be the largest initial public offering of the year. The proposed listing sparked a remarkable, behind-the-scenes scrum involving heads of state, exchange officials and the billionaire founder ...

BLOOMBERG Chinese stocks in Hong Kong plunged as a weakening currency, disappointing earnings and worries over the US debt-ceiling deadlock saw traders trim positions ahead of a long weekend. The Hang Seng China Enterprises Index closed 2.2% lower on Thursday, capping its worst seek since March before markets close on Friday for a holiday. XPeng Inc fell the most following ...

BLOOMBERG Nasdaq futures rallied and chipmakers soared as a bullish sales forecast from Nvidia Corp ignited gains in companies linked to the frenzy for artificial intelligence (AI). Nvidia shares soared 23% in US premarket trading after its forecast for surging revenue surprised even the most optimistic analysts on Wall Street, propelling the company to the cusp of a $1 trillion ...

BLOOMBERG European luxury stocks including LVMH and Gucci owner Kering SA fell as a wave of Covid infections in China weighed on sentiment — extending a rout that’s wiped about $56 billion from the sector over the past two days. Shares in Birkin bag maker Hermes International and UK trench coat company Burberry Group Plc also declined, with concerns about ...

BLOOMBERG Volatility is rising in Thailand’s financial markets amid concern investors will have to wait until August to find out whether a coalition of pro-democracy parties can form a new government.Uncertainty after the May 14 election first triggered an outflow of funds, worsening the rout in Asia’s worst-performing stock market this year and weakening the baht. Stocks then rallied this ...

BLOOMBERG Investors are demanding a higher premium for US debt most at risk of default after yet another round of talks on the borrowing limit ended without a deal. Yields on four-week Treasury bills climbed 3.5 basis points on Tuesday, bringing their rise since the beginning of May to more than 60 basis points. The two-year Treasury yield increased 7 ...

BLOOMBERG Adani Group’s port unit became the first of its 10 entities to recoup all losses triggered by Hindenburg Research’s bombshell report in late January, as a recent rally in the conglomerate’s stocks gathered steam on Tuesday. All 10 Adani stocks climbed in early in Mumbai trading, with shares of Adani Ports and Special Economic Zone Ltd surging as much ...

BLOOMBERG  Adani Group shares rallied, extending gains spurred by an Indian court panel’s report that found no conclusive evidence of stock-price manipulation as alleged by US short seller Hindenburg Research. The 10 Adani stocks added about $10 billion to their market value in Monday’s session, the biggest increase since Hindenburg’s scathing report in January. Flagship Adani Enterprises Ltd surged about ...