Stocks

  Bloomberg Tesla Inc whipsawed after a relentless surge that pushed the stock up 50% from its May bottom lost some momentum, with investors broadly souring on growth stocks. The electric-vehicle maker closed down 0.9% at $919.69 after fluctuating throughout the trading session. It jumped as much as 1.7%, taking the stock up 50% from the May 24 closing low …

  Bloomberg Mounting concern over semiconductor demand is sending shudders through North Asia’s high-tech exporters, which historically serve as a bellwether for international economy. South Korean behemoths Samsung Electronics and SK Hynix Inc. have signaled plans to dial back investment outlays, while across the East China Sea, the world’s biggest contract chipmaker Taiwan Semiconductor Manufacturing Co. indicated a similar expectation. …

  Bloomberg US stock-index futures slipped and the dollar rises as investors fretted over signs of a sharp economic slowdown even as the Federal Reserve stays on the path of monetary tightening. September contracts on the S&P 500 and Nasdaq 100 indexes dropped 0.2% each after the equity benchmarks advanced. Crude oil retreated amid economic headwinds that clouded the demand …

Bloomberg The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely followed. The man known as India’s Warren Buffett died of a reported cardiac arrest at the age of 62. The self-made trader invested in a wide swathe of established businesses and startups, …

Bloomberg China’s sovereign bonds are back on the menu for foreign investors. The nation’s debt rallied on Monday after the central bank unexpectedly cut interest rates, with the 10-year yield dropping to the lowest level in more than two years. The surprise easing move underscores how the nation’s bond market offers investors an asset class that’s uncorrelated to Treasuries and …

  Bloomberg In what has been an annus horribilis for most developed-market equities, Japanese investors find their blue-chip benchmark back in positive territory for the year. Helped by a weaker yen and continued stimulus by a resolute Bank of Japan (BOJ), the Nikkei 225 index has outperformed peers and erased its 2022 losses on Monday. Its 0.3% gain compares with …

Bloomberg US-listed China stocks slid on Friday after some of the Asian nation’s largest state-owned companies announced plans to delist from American exchanges amid a spat over audits and generally worsening tensions between the world’s top two economies. Alibaba Group Holding Ltd., Pinduoduo Inc. and JD.com Inc. each fell 3% to 4%, while the Kraneshares CSI China Internet Fund ETF …

  Bloomberg Bank of America Corp (BofA) says investors are rushing back into stocks and bonds, with signs that inflation has peaked spurring bets the Federal Reserve will dial back its interest-rate hikes soon enough to keep US economy out of a recession. Global equity funds pulled in $7.1 billion in the week through August 10, strategists led by Michael …

  Bloomberg Stocks in India are likely to outperform US peers in the coming quarters, boosted by better economic prospects and stellar earnings growth, according to Deutsche Bank AG. “Indian macros are firing on all cylinders,” Mayank Khemka, chief investment officer for India at the bank, said in an interview, pointing to economic data ranging from power and fuel demand …

  Bloomberg Stocks trimmed a rally on Thursday spurred by softer-than-expected US inflation data as investors digested comments from Federal Reserve officials who remained resolute on the need for further interest-rate increases. Europe’s Stoxx 600 Index surrendered an initial advance. US futures pared gains, after the S&P 500 hit a three-month high and the Nasdaq 100 pulled 20% above a …