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Hedge fund sounds alarm on Korea’s $100bn bio stocks

Bloomberg For those investors lucky enough to have invested in South Korea’s health care sector, now may be the time to reassess the risks. James Lim, a senior analyst at the $3 billion California-based hedge fund Dalton Investments LLC., is warning that retail investors could pull out of the nation’s equity market on unforeseen events such as an earlier-than-expected curb ...

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European stocks fall with oil

Bloomberg European stocks slid while S&P 500 futures fluctuated as investors weighed scattered signs of economic improvement against the accelerating virus spread in the US, Brazil and India. The dollar slid against all of its major peers after three days of gains. Oil futures fell below $38 a barrel in New York. The yield on Treasury five-year notes traded near ...

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China industrial profits surge for first time since November

Bloomberg The profits of Chinese industrial enterprises rebounded in May for the first time since November 2019, signaling the economy is continuing to recover from the coronavirus shutdowns Industrial profits rose 6% to 582.34 billion yuan ($82 billion) last month from a year earlier, data from the National Bureau of Statistics showed Sunday. That compared with a decline of 4.3% ...

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