Nintendo Co.’s stock price plunged after it cut its full-year earnings and revenue outlook in a sign of flagging demand for the aging Switch console.
Most Adani Group stocks rose, extending their rebound from the rout sparked by US short-seller Hindenburg Research’s report, as the indebted Indian conglomerate takes steps to address investor concerns over leverage.
Masayoshi Son is now personally on the hook for about $5.1 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, as losses mounted at its core Vision Fund venture capital arm.
Stocks in Asia edged higher Wednesday following a late rally in US shares in a volatile session after Federal Reserve Chair Jerome Powell rebuffed an opportunity to tamp down investor optimism.
China’s reopening is expected to raise Australia’s gross domestic product by 0.4 percentage points over the next two years, Australia & New Zealand Banking Group Ltd. said.
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