Prosus – Charm – Daily News

Hong Kong stocks take a breather ahead of Fed decision and earnings reports

Cs news19 hours ago02 mins

Caution returned to Hong Kong stocks as the city’s benchmark fell from its highest point in three years, with investors gearing up for the US Federal Reserve’s rate decision and earnings reports. The Hang Seng Index fell 0.9 per cent to 25,316.44 as of 10.08am local time on Tuesday, while the Hang Seng Tech Index…

US$3 billion blunder: Walmart, Prosus, Tencent miss the China rally with premature exits

Cs news10 months ago10 months ago03 mins

Beijing’s big-bang stimulus may have restored more than US$3 trillion of value to Chinese stocks, but not everyone has been lucky enough to reap that windfall, especially those who timed their exit before the rally took hold. Retail giant Walmart sold 144.5 million of JD.com’s US-listed shares at US$24.95 each on August 20, missing out…