Fast-fashion platform Shein listed on the Hong Kong Stock Exchange on September 1, raising HK$13.6 billion at HK$48.56 per share before its stock closed 9% below the offer price.
Category: Markets
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Gold Retreats to $4,405 as August Payrolls Cement Federal Reserve Hike Bets
Spot gold fell 0.5 percent to $4,405 on September 7 as August payrolls nearly tripled expectations, pushing September Fed hike probability to 58 percent.
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Broadcom AI Chip Revenue Triples to $16.7 Billion in Record Quarter
Broadcom’s fiscal Q3 revenue climbed 85 percent to $29.6 billion as AI semiconductor sales surged 221 percent year-on-year to $16.7 billion, driven by custom chip demand from six major cloud and AI customers.
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Stocks Slide as Blowout August Payrolls Push September Rate Hike Odds to 58%
The S&P 500 fell 0.38 percent to 7,718 on September 5 as August non-farm payrolls came in at 162,000 — nearly triple the consensus estimate — driving Treasury yields sharply higher and reversing a week of easing rate-hike bets.
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Bitcoin Climbs 5.6% to $80,841 as Waller Rate-Hold Signal Sparks $440 Million Short Liquidation
Bitcoin jumped 5.6% to $80,841 on September 4 after Fed Governor Waller hinted at a possible September rate hold, triggering more than $440 million in short liquidations and lifting crypto equities sharply.
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Wall Street Snaps Its September Slump as Waller Signals Willingness to Hold Rates
The Dow Jones rose 635 points on Thursday and the S&P 500 added 1 percent as Fed Governor Christopher Waller said he would support holding rates steady if inflation progress continues, halving hike odds.
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Brent Crude Surges to $95 as Renewed US-Iran Strikes and Mine Reports Rattle Oil Markets
Brent crude rose roughly 5% to $94.86 a barrel on September 2, its highest since late July, after the US military launched fresh strikes around the Strait of Hormuz following alleged Iranian mine-laying.
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Gilts Lead a Global Bond Rout as Japan Yields Hit 3% for the First Time in 30 Years
On September 1, a global government bond selloff pushed UK 30-year gilt yields to 5.89% — their highest since 1998 — while Japan’s 10-year benchmark reached 3% for the first time since 1996.
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Brent Crosses $90 as US-Iran Strikes Revive Hormuz Risk
Brent crude climbed above $90 per barrel on August 31 after US forces struck Iranian rocket launchers in the Strait of Hormuz, sending the Dow down over 370 points as energy traders repriced supply risk.
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Moderna Shares Nearly Triple After mRNA Melanoma Vaccine Clears Phase 3
Moderna and Merck’s personalised cancer vaccine intismeran met its primary endpoint in a 1,137-patient Phase 3 melanoma trial on August 19, sending Moderna shares up 177% and marking the first late-stage mRNA cancer vaccine success.