Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap
Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern about whether the bull market has run too far.
Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern about whether the bull market has run too far.
Oil held a modest decline, with a risk-off tone in broader markets countering a drawdown in US stockpiles.
Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that reaffirmed accommodative monetary policy.
Vingroup founder Pham Nhat Vuong plans to give at least $1 billion more from his personal wealth to the company’s EV maker unit VinFast Auto Ltd. to fund its global expansion, he said at Vingroup’s shareholders’ meeting in Hanoi.
South Korea is developing a centralized short-selling monitoring platform that can detect changes in institutional balances and identify illegal transactions.
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