WuXi Biologics’ Options See Frenzy Amid US Policy Uncertainty
Traders have piled into options on WuXi Biologics Cayman Inc. to protect against potential swings, with its sister company’s earnings in focus on Tuesday.
Traders have piled into options on WuXi Biologics Cayman Inc. to protect against potential swings, with its sister company’s earnings in focus on Tuesday.
Tencent Holdings Ltd.’s earnings report due Wednesday may provide positive catalysts for its shares, which have plummeted about 60% from their record high three years ago.
The South Korean won’s correlation with the yen has risen to the highest level in more than nine months as traders await a potentially historic policy decision by the Bank of Japan.
Asian equities slipped before a Bank of Japan policy decision where authorities are likely to bring an end to the world’s last negative rates regime.
Fidelity International plans to cut about 20 positions in China as part of global job reductions to trim costs, according to people familiar with the matter, a move that could potentially slow its expansion in the local 27 trillion yuan ($3.8 trillion) mutual fund market.
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