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US futures advance as Fed aligns with street wagers

  Bloomberg US equity-index futures rose as investors grew confident the Federal Reserve’s peak interest rate would be within levels already priced in by markets. Contracts on the S&P 500 and Nasdaq 100 climbed at least 0.4% each after the underlying indexes avoided a selloff following the Fed’s minutes and remarks by officials. The dollar pared its losses and Treasuries ...

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Taiwan removes short selling curbs as markets stabilise

  Bloomberg Taiwan’s financial regulator has removed stock short-selling restrictions that were put in place to curb market declines during a turbulent period in the final quarter of 2022. Taiwan’s Financial Supervisory Commission in October banned shorting stocks at a price lower than the previous close if shares drop more than 3.5% the day before. The ban will be lifted ...

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Techtronic slumps most since 2008 after short-seller’s report

  Bloomberg Techtronic Industries Co. slumped by the most since November 2008 after short-seller Jehoshaphat Research questioned the accounting methods of the Hong Kong power-tool maker. Shares of Techtronic fell as much as 19% before trading was halted in Hong Kong. The company has been “inflating its profits dramatically for over a decade with manipulative accounting,” Jehoshaphat alleged in a ...

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