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Weibo listing in Hong Kong, oil and currency

Japan’s stocks were expected to rise as Singapore-Wall Street continued to rebound from the recent Omicron fall and tech stocks were in bailout rally mode.

Japan’s Nikkei futures contract in Chicago was 28,780 and its counterpart in Osaka was 28,830.Compared to that Nikkei 225 The final closing price is 28,455.60.

Japan will report its third quarter GDP on Wednesday.

Australian S & P / ASX 200 It bounced 0.7% in the initial deal.

In Hong Kong, Chinese social media giant Weibo We are planning to make our market debut on Wednesday. HK $ 272.80 per share ($ 34.98).. Its main list is on Nasdaq.This is coming as a Chinese ride hailing giant Didi It says it will start delisting from the New York Stock Exchange and plans to list in Hong Kong instead.

Weibo’s Nasdaq-listed stocks have plummeted by more than 10% in the past week.

Stock Selection and Investment Trends from CNBC Pro:

Equities in the state continued to recover from the recent decline as investors were less afraid of the potential economic impact of the new Omicron coronavirus variant.

The Dow Jones Industrial Average rose 492.40 points (1.4%) to 35,719.43. The S & P 500 rose 2.07% to 4,686.75, about 1% off record highs. The Nasdaq Composite led the market recovery, rising 3% to 15,686.92. The S & P 500 was the best day since March 1st and the best day for Nasdak since March 9th.

High-tech stocks have recovered as investors shake off Covid’s concerns, buy a recent dip and pull up Nasdaq.

Still, investors continue to focus on the development of omicron Covid. US CDC says Tuesday New variants are currently found in 50 countries and 19 states across the United States.

currency

NS US dollar indexTracking the greenback against the peer’s basket, hasn’t changed much in 96.296.

NS JPY It traded at 113.51 per dollar as it continued to weaken. NS Australian dollar It has continued to rise since last week at $ 0.7118.

Weibo listing in Hong Kong, oil and currency

Source link Weibo listing in Hong Kong, oil and currency

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