Stocks

Asian stocks

Asia-Pacific Stocks Mixed; Fed’s Meeting in Focus

On Monday, Asia-Pacific stocks grappled for direction as investors braced for the Federal Reserve’s monetary policy meeting this week. Markets highly expected the US central bank to confirm that it will soon start draining its massive lake of liquidity. Accordingly, the accommodative policy has been a critical prop to stock prices in recent years. In …

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TMN - sony

Sony Stocks Tumble in Wake of Microsoft-Activision Deal

On Wednesday, shares of Sony Group Corp. plummeted after PlayStation rival Microsoft Corp. announced its acquisition of game developer Activision Blizzard Inc. The Japanese multinational conglomerate plunged 10.01% or 12.44 points to $111.78 per share, the most significant intraday drop since March 2020. Nevertheless, it is still 21.50% or 19.90 points higher than last year, …

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TMN - rio tinto

Rio Tinto Stocks Drop after a Weak Q4 Production Update

On Tuesday, shares of Rio Tinto Group declined after it reported lower-than-expected fourth-quarter production results. The world’s second-largest mining company edged down as much as 1.97% to $77.73 in the early market session. As of writing, it trades at 0.35% or 0.27 points lower to $78.91 per share. Then, it decreased 8.34% or 7.18 points …

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elastic logo

Elastic NV Shares Slump as CEO Shay Banon Steps Down

Shares of Elastic NV sank in Wednesday extended trading after its co-founder Shay Banon stepped down as the company’s CEO.  The American-Dutch security firm lost 4.54% or 5.04 points to $106.00 per share. It trailed its decline of 2.68% or 3.06 points to $111.04 per share in the regular trading session. Still, the business stands …

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hong kong tech stocks

Hong Kong Tech Stocks Surge; Alibaba, Tencent Log Gains

On Wednesday, shares of Chinese internet and technology companies surged in Hong Kong, following the rally of US markets.  Accordingly, the Hang Seng tech index increased 3.95% or 0.22 points to $5.79 per share. The benchmark trails the 30 largest technology firms listed in the city.  The gaming and social media company Tencent elevated 3.17% …

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rivian

Rivian Stocks Fell after It Missed Vehicle Production Target

Shares of Rivian Automotive, Inc. extended its plunge in Monday’s post-trading after it missed its 2021 vehicle production target.  The American electric vehicle startup dropped 3.30% or 2.69 points to $78.75 per share.  The regular market session sharply plunged 5.61% or 4.84 points to $81.44 per share. It also slumped 20.72%, or 21.28 points this …

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asia-pacific stocks

Asia-Pacific Stocks Mixed; Shimao Group Shares Climbed

On Monday, Asia-Pacific stocks grappled for direction as investors positioned themselves for a volatile week amid the surge of coronavirus cases.  In Hong Kong, the Hang Seng index elevated 0.80% or 188.01 points to $23,681.39 per share.  Correspondingly, shares of Shimao Group Holdings soared 3.19% or 0.02 points to $0.62 per share.  The upturn came …

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GameStop

GameStop Stocks Jump 22.68% on Plan to Enter NFT Market

Shares of GameStop Corp. hiked 22.68% in Thursday’s post-trading market after reports suggested that it would create a non-fungible tokens (NFTs) marketplace. Correspondingly, the electronics retail company added 29.72 points to $160.75 per share. It followed its gain of 1.28% or 1.66 points to $131.03 per share in the regular session.   For the year-to-date, the …

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