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Cement Maker Climbs 103% as Election Boosts Korean Meme Stocks
  • April 21, 2025

Cement Maker Climbs 103% as Election Boosts Korean Meme Stocks

(Bloomberg) -- A South Korean cement maker’s stock has surged as retail investors pile into bets seen as tied to the nation’s upcoming presidential election and its front-runner Lee Jae-myung.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Gives New York ‘One Last Chance’ to End Congestion FeeTrump Administration Takes Over New York Penn Station RevampThe Racial Wealth Gap Is Not Just About MoneyNashville’s $3 Billion Transit Plan Brings a Call f

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Nomura bets big on US market rebound with $1.8 billion deal
  • April 21, 2025

Nomura bets big on US market rebound with $1.8 billion deal

(Bloomberg) -- Nomura Holdings Inc. is telling clients to stay invested through the turmoil that’s pervaded financial markets during the escalating trade tensions. With its $1.8 billion acquisition of an asset management business, the Japanese brokerage is putting its money where its mouth is.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Gives New York ‘One Last Chance’ to End Congestion FeeTrump Administration Takes Over New York Penn Station

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Asian shares trade mixed amid investor worries after Wall Street tumble
  • April 21, 2025

Asian shares trade mixed amid investor worries after Wall Street tumble

Asian shares were trading mixed Tuesday amid global skepticism about U.S. investments and President Donald Trump’s trade war. Hong Kong's Hang Seng added nearly 0.6% to 21,513.91, while the Shanghai Composite added 0.4% to 3,303.32. "Across Asia, there is undoubtedly a sense of urgency to get to the negotiation table even as striking a deal at an appropriate cost can be tough," said Tan Boon Heng, at Mizuho Bank's Asia & Oceania Treasury Department.

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Morning Bid: Trying to contain US market contagion
  • April 21, 2025

Morning Bid: Trying to contain US market contagion

There might be a hint of that in Asian markets today given the Nikkei is flat even though the S&P 500 shed 2.4% on Monday. Thus, according to LSEG Lipper data, investors bought a net $11 billion in European equity funds and $3.6 billion in Asian equity funds in the week to April 16, while U.S. equity funds saw an outflow of $10.6 billion. Since then, President Trump has upped the stakes by attacking Fed Chair Powell for not cutting rates as speedily as Trump would like.

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India under tariff pressure to give Amazon and Walmart full market access, FT reports
  • April 21, 2025

India under tariff pressure to give Amazon and Walmart full market access, FT reports

The U.S. plans to push Prime Minister Narendra Modi’s government for a level playing field on e-commerce in wide-ranging talks on a U.S.-India trade agreement set to also cover sectors from food to cars, the newspaper reported. It did not mention what measures the Trump administration expects from the Indian government. Amazon and Walmart operate in India through local units but face restrictions on holding inventory and directly selling to consumers, unlike domestic firm Reliance, which can open physical stores and leverage its vast retail network to reach customers across the country.

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Asia stocks suffer limited losses as US dollar, bonds buckle
  • April 21, 2025

Asia stocks suffer limited losses as US dollar, bonds buckle

Asian stocks battled to hold ground on Tuesday after a furious flight from U.S. assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries. Relatively limited losses in Asia did spark talk that funds could be reallocating money to equities in the area, though the impact of tariffs on economic growth remained a major drag. President Donald Trump's increasingly vocal attacks on Fed Chair Jerome Powell for not cutting interest rates saw Wall Street indexes shed around 2.4% on Monday and the dollar hit three-year lows.

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