Goldman Sachs Group Inc. said global investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor soon after next week’s US presidential election. “While we recognize the tail risk possibilities, we think market participants appear to be somewhat overestimating the probability that a delayed result…
The Hang Seng Index fell 1.1 per cent to 20,469.32 as of 11.15am local time, erasing all gains from the past three days. China Merchants Bank slid after reporting a lower profit and Haier Smart Home retreated on lower-than-expected earnings, while WH Group rallied after its profit almost doubled. The Hang Seng Tech Index sank…
Chinese stocks, once indispensable to global funds and later deemed uninvestable by others, are back on the radar of investors after years of being ignored. While caution remains, optimism abounds after a US$4.5 trillion rally in the past month. That is the assessment of Kinger Lau, a managing director in Hong Kong and chief China…
(Bloomberg) — Tesla Inc.’s blowout earnings caught everyone off guard. Most Read from Bloomberg But it was the bears who paid the price this week. The electric-vehicle maker’s results delivered a gut-punch to short-sellers — investors who make money by betting that a security will fall over a certain period of time — when they…
Moving fortunes out of China is hard: The country imposes strict capital controls that cap individual purchases of foreign exchange at $50,000 a year. Violators can receive big fines, or even prison sentences, if they break the law. Nevertheless, the stampede for the exit in the past few years appears to dwarf the outflows that…
(Reuters) – U.S. stock index futures fell on Tuesday, as a selloff in bonds pushed Treasury yields higher, pressuring rate-sensitive stocks, while investors awaited a deluge of corporate earnings for a clearer market direction. At 5:05 a.m. ET, Dow E-minis were down 138 points, or 0.32%, U.S. S&P 500 E-minis were down 21.5 points, or…
Hyundai Motor India‘s shares debuted on the exchanges on Tuesday at a 1.5% discount. The stock was listed at Rs 1,931 on the BSE, compared to the issue price of Rs 1,960. On the NSE, it listed at Rs 1,934. The Rs 27,870 crore IPO was booked 2.3 times, with full subscription achieved only on…
US stocks are unlikely to maintain their above-average performance over the next decade as investors plow into other assets, signaling an end to the S&P 500’s king-sized returns, Goldman Sachs Group strategists said Monday. The benchmark index — which has soared to one record high after another in the past month — will likely post…
Cathie Wood built a name for herself and her investment firm Ark Invest by racking up some huge gains between 2017 and 2020 in the exchange-traded fund Ark Innovation ETF (NYSEMKT: ARKK). However, since 2020 the ETF’s performance has been much more volatile, including a 67% decline in 2022 followed by a nearly 68% gain…
SINGAPORE (Reuters) -China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Finance Minister Lan Foan told a news conference there will be more “counter-cyclical measures” this year, but…