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UBS expects record IPO year for India despite Covid-19 crisis

Bloomberg India’s sharp surge in Covid-19 cases will not prevent the country’s markets from setting a record for initial public offerings (IPOs) in 2021, as a cohort of technology companies make their much-anticipated debuts later in the year, according to UBS Group AG. Last year companies amassed $4.6 billion from IPOs, according to data compiled by Bloomberg, and Anuj Kapoor, ...

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Foreign investors dominate short sellers after South Korea lifts ban

Bloomberg South Korea lifted what was the world’s longest ban on short-selling, and foreign traders piled in. Overseas investors accounted for 90.7% of total daily shorts by value in Kospi, betting against 738 billion won ($659 million) worth of stocks, according to the Korea Exchange. They rushed in again, making up 86% of bearish bets. That’s well above the 59% ...

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European stocks drift as tech weighs; dollar gains

Bloomberg European stocks struggled for traction and US futures slipped on Tuesday as technology shares continued to weigh on equities following weakness among sector giants on Wall Street. The dollar rallied. The Stoxx 600 Index erased a gain as online food delivery service HelloFresh and semiconductor firm Infineon Technologies AG dragged the benchmark lower. Travel firms gained after the European ...

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