Stocks

The latest tumble in Hong Kong stocks puts at risk of losses the around $15 billion of complicated structured products linked to that market that have mostly been sold to retail investors in South Korea. As of September, $14.8 billion of equities-linked securities products, or ELS, tied to Hang Seng China Enterprises Index had yet to mature, according to the ...

US equity futures fall as megacap technology shares slumped in pre-market trading, marring a three-day rally on Wall Street and raising new doubts over whether this year’s $5.5 trillion selloff is nearing a bottom. Contracts on the Nasdaq 100 fell more than 1% after disappointing quarterly updates from Microsoft Corp., Google parent Alphabet Inc. and Texas Instruments Inc. S&P 500 ...

Oil rises as the dollar tumbled, energising markets while investors continue to evaluate the potential for slowing commodities demand against near-term supply tightness. West Texas Intermediate traded near $86, temporarily finding direction from equity markets, which have been recently boosted by earnings reports. The dollar slid, providing an extra boost for commodities that are priced in the currency. Since late ...

India’s central bank is likely to loosen its recent grip over the rupee, analysts at Citigroup Inc. and Barclays Plc said, leaving the local currency vulnerable to plumb fresh lows against the dollar. Citi expects the rupee to push to 85 to a dollar, while Barclays says that the risk of a short-term overshoot to 84-85 is high. Standard Chartered ...

Rishi Sunak might be a safe pair of hands for the UK economy, but investors don’t expect his premiership to give a significant boost to country’s beaten-down equities. While the ex-Goldman Sachs banker is set to bring an end to the kind of extreme volatility that characterised Liz Truss’s brief tenure in Downing Street, Sunak’s more prudent fiscal approach is ...

A record exit by overseas investors from mainland-China equities is putting a fresh focus on stocks with high foreign ownership. Statistics on foreign ownership was the primary client query at Bank of America Corp (BofA) after a leadership reshuffle — which tightened President Xi Jinping’s grip over the country’s ruling party — spurred a historic market rout. “The number one ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) on Monday announced its intention to proceed with an initial public offering (IPO) and to list a portion of its ordinary shares for trading on the Dubai Financial Market (DFM). In a press conference, Empower said that one billion (1,000,000,000) shares, each with a nominal value of AED0.10 (ten fils) will ...

China’s lurch towards one-man rule has made it more important than ever for investors to align their portfolios with the priorities of President Xi Jinping. Some are deciding it’s not worth the trouble. Chinese stocks tumbled by the most since 2008 in Hong Kong and the yuan hit a 14-year-low after the confirmation that Xi’s policies of stronger state control ...

South Korean assets rallied on Monday after the government pledged at least 50 trillion won ($34.8 billion) to prop up credit markets, easing concerns about rising default risks in the key sectors including real estate. The Kospi index advanced as much as 2%, with shares of brokerages and builders such as Kiwoom Securities Co., Meritz Securities Co. and Dongbu Corp. ...

  Bloomberg First came Snap Inc.’s disappointing results. Then news that US officials were discussing whether they should subject some of Elon Musk’s ventures to national security reviews, including the deal for Twitter Inc. Anxious investors are selling out of social media stocks, putting them on track to lose more than $47 billion in market value as they tumble in ...