Posts Tagged ‘Selloffs’
Are sell-offs at Sembcorp, ST Engineering and SIA after their earnings reports a harbinger of doom?
[SINGAPORE] The recent reporting season has been something of a reality check for bullish investors in the Singapore market, with a number of high-flying Straits Times Index (STI) components suffering big sell-offs after releasing their financial numbers. Most notably, ST Engineering – which has been the best-performing STI component this year – tumbled nearly 6.3…
Read MoreWall Street Surges On Fed Rate News To Snap String Of Selloffs
AFP Wall Street liked what it heard from the Federal Reserve on Wednesday, surging to snap a recent slump on news that the central bank is standing firm on its interest rate plans. The Dow Jones Industrial Average rose nearly 400 points at the closing bell, up 383.82 points for 0.92% gain. The S&P 500…
Read More7-Eleven, Couche-Tard Explore Sell-offs Ahead Of Potential Merger
The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger. It comes just days after Seven & i — which for two decades has wholly owned 7-Eleven, the world’s biggest convenience store brand — announced measures including…
Read MoreStretched Valuations, Interest Rate Expectations, Make Stocks Vulnerable To Sell-offs
Stretched valuations and diminished expectations of interest rate cuts make U.S. equities vulnerable to sell-offs, David Bahnsen, chief investment officer of The Bahnsen Group, said. “Valuations are so stretched right now that anything less than perfection from economic data or geopolitical noise can create substantial and quick selloffs,” he told International Business Times. “This market…
Read MoreSell-offs show tech players’ pursuit of profitability not enough to win over investors
IT HAS been 17 months since Sea became the first big regional tech player to lay out plans for profitability. The US-listed company in September 2022 pledged to achieve positive cashflow in order to prevail in an era of rising interest rates, high inflation and a volatile market that battered tech stocks. Since then, other…
Read MoreMarketmind: Europe, US Reverse Bank Jitter Sell-offs: Will Asia Follow?
A man watches stock quotations on an electronic board outside a brokerage, in Tokyo, Japan, March 20, 2023. Reuters A look at the day ahead in Asian markets from Stephen Culp. Global market skittishness over whether contagion is afoot within the banking sector appears to be waning. In fact, if European and U.S. markets on…
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