SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market
  • August 16, 2024

SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market

(Bloomberg) -- India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental R

Relieved foreigners scoop up Japanese stocks as markets rebound
  • August 16, 2024

Relieved foreigners scoop up Japanese stocks as markets rebound

Foreign investors heavily bought into Japanese stocks in the week to Aug. 10, encouraged by policymakers' signals to stabilize the market following recent turmoil which had sent shares into their biggest one-day plunge since 1987. Cross-border investors bought a net 521.9 billion yen ($3.51 billion) of Japanese shares in the week, reversing three consecutive weeks of net selling, according to finance ministry data. Last week, Japanese policymakers signalled action to prevent further declines in the stock market, while the Bank of Japan indicated it would keep rates steady amid market instability, following a historic 12.4% drop in the Nikkei share average on Aug. 5 on fears of a recession in...

Japanese stocks head for best week in 4 years as receding growth fears lift markets
  • August 15, 2024

Japanese stocks head for best week in 4 years as receding growth fears lift markets

Asia shares were headed for a weekly gain on Friday and Japan's benchmark Nikkei was poised for its best week in over four years as upbeat risk sentiment spilled over from Wall Street, while the dollar and U.S. Treasury yields held broadly steady. Last week's market turmoil was replaced by calmer conditions this week after a raft of U.S. economic data allayed recession fears in the world's largest economy and pushed back against expectations for aggressive U.S. rate cuts. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.34% in early trade and was set to rise 1.3% for the week, while U.S. futures extended gains following a strong overnight cash session on Wall Street.

Carry Trade That Blew Up Markets Is Attracting Hedge Funds Again
  • August 15, 2024

Carry Trade That Blew Up Markets Is Attracting Hedge Funds Again

(Bloomberg) -- A popular yen-centered carry trade that blew up spectacularly two weeks ago appears to be creeping back.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitJapan’s currency has weakened more than 5% against the dollar since Aug. 5, when a

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost
  • August 15, 2024

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost

(Bloomberg) -- Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about $20 billion into next year.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Onl

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost
  • August 15, 2024

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost

(Bloomberg) -- Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about $20 billion into next year.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Onl