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LATEST

Gasoline in Australia Jumps to Highest Level Since March●DCC, one of FTSE 100’s biggest energy firms, agrees £5.75bn takeover●Bitcoin ETFs Shed $465M Over Two Days, Led by BlackRock's IBIT●Navigating the Fed’s next move? Why these trades may be an investor’s best weapon.●NBFC stock Aye Finance falls 3% on profit booking; JM Financial, IIFL Capital give buy calls after Q1 results●Varta files for insolvency as German battery maker’s crisis deepens●Frasers Group acquires Greaves Sports●Evolution Mining to acquire Carnaby Resources for $149m●Gasoline in Australia Jumps to Highest Level Since March●DCC, one of FTSE 100’s biggest energy firms, agrees £5.75bn takeover●Bitcoin ETFs Shed $465M Over Two Days, Led by BlackRock's IBIT●Navigating the Fed’s next move? Why these trades may be an investor’s best weapon.●NBFC stock Aye Finance falls 3% on profit booking; JM Financial, IIFL Capital give buy calls after Q1 results●Varta files for insolvency as German battery maker’s crisis deepens●Frasers Group acquires Greaves Sports●Evolution Mining to acquire Carnaby Resources for $149m●

Asia

CXMT surge shows why China stock buyers see IPOs as one-way bet

Business - South China Morning Post · 2h ago · 🇨🇳 China

CXMT surge shows why China stock buyers see IPOs as one-way bet

Chipmaker CXMT surged more than fivefold on its Shanghai trading debut to become the largest mainland-listed company by market value as the artificial intelligence boom stokes demand for memory chips. The stock closed at 49 yuan, versus a sale price of 8.66 yuan. That gave the Hefei-based company a market capitalisation of 3.3 trillion yuan, surpassing Industrial and Commercial Bank of China. It traded as high as 55.03 yuan during the day on the tech-heavy Star Market. CXMT raised 57.92 billion...

Read the full story at Business - South China Morning Post →

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