Verified report from bloomberg.com
NewsMatic brief
Wild gyrations in individual stocks on a punchy cocktail of AI euphoria and fear, a tumbling bond market and geopolitical drama bode well for a long-favored trade among hedge fund managers.
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Shares of National Stock Exchange of India Ltd. slipped below their initial public offering price on the third day of trading, extending a lackluster start amid a broader equity selloff.
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Chinese shares touched a one-year low, led by a selloff in technology firms after a report that authorities may allow purchases of Nvidia Corp.’s new chips and proposed US sanctions on foreign optical producers.
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Emerging-market equities declined, weighed by higher oil prices and global bond yields after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz.
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Ingenia Communities Group will assess a a new, higher takeover bid from private equity group Warburg Pincus and its affiliates, the company said Monday.
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Bonds and stocks dropped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, denting some of the optimism that lifted markets late last week. Oil rose and precious metals sold off.
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