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As Capri Holdings Limited’s (NYSE:CPRI) market capitalization fell $267 million, insiders who sold $1.1 million worth of shares were able to recoup their losses

In the past year, insiders have sold $1.1 million worth of Capri Holdings Limited (NYSE: CPRI) at an average price of $60.58 per share, giving them the most for their money. The company’s market value fell by US$267 million over the past week after the stock price fell 3.5%, although insiders were able to play …

As Capri Holdings Limited’s (NYSE:CPRI) market capitalization fell $267 million, insiders who sold $1.1 million worth of shares were able to recoup their losses Read More »

Hong Kong shares rise 2% after report on relaxation of outdoor mask rule;  other Asian markets fall

Hong Kong shares rise 2% after report on relaxation of outdoor mask rule; other Asian markets fall

Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall by 1% to 3% next year. “We expect prices …

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Oil plunge, tech meltdown and Fed cuts?  Strategist shares possible market "surprises" in 2023

Oil plunge, tech meltdown and Fed cuts? Strategist shares possible market “surprises” in 2023

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for the financial markets, Standard charter outlined a number of potential surprises for 2023 that he says are “undervalued” by the market. Eric Robertson, the bank’s chief research …

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Market Sentiment's Put/Call Ratio Went Crazy in November: What Can It Mean?

Market Sentiment’s Put/Call Ratio Went Crazy in November: What Can It Mean?

TOPSHOT – IMC Financial Designated Market Maker Meric Greenbaum looks on at the Board of Directors before the … [+] Opening bell just before a trading halt at the New York Stock Exchange on March 9, 2020 in New York City. – Trading on Wall Street was temporarily halted at the start of March 9, …

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Hong Kong shares jump 3% as China relaxes some virus rules

Hong Kong shares jump 3% as China relaxes some virus rules

Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …

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VinFast is shipping 999 of its EVs to California as the Vietnamese company seeks a place in the US market

VinFast is shipping 999 of its EVs to California as the Vietnamese company seeks a place in the US market

Get ready, America; VinFast is on the way. The Vietnam-based electric vehicle maker is taking the slow boat to California as it sends its first batch of 999 VF 8, the company’s 5-seater electric SUV, to America aboard the Silver Queen, a Panamanian charter vessel. The Silver Queen is expected to arrive in the Sunshine …

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Hong Kong shares jump 4% ahead of Chinese Covid briefing

Hong Kong shares jump 4% ahead of Chinese Covid briefing

Currency control: Asa-Pacific currencies strengthen strongly, driven by the Chinese yuan The onshore and offshore Chinese yuan strengthened against the dollar in the Asian session ahead of a news conference on Covid measures. The greenback lost 1.09% against the offshore yuan and 0.65% against the land yuan, both trading around the 7.16 levels. The offshore …

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Hong Kong shares rise nearly 4% in Asia session;  The Covid situation in China remains at the center of concerns

Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns

Chinese clues appear ahead of Covid briefing Indices in China jumped more than 2% as investors closely watched developments in the national zero-Covid policy after posting losses in the previous session. The Chinese CSI 300 index rose 2.97% during the morning session, while the Shanghai composite climbed 2.2%. The Shenzhen Component The index gained 2.172%. …

Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns Read More »