Home — Finance Weibo Stock Soars, Didi Tumbles, and Opec Just Can’t Get Along

Weibo Stock Soars, Didi Tumbles, and Opec Just Can’t Get Along

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Stocks were mixed in early trading as U.S. bond yields dropped below 1.4%, and investors digested China’s delisting of Didi’s app and its implications for that nation’s U.S.-listed stocks. Has risen 0.2%. Oil prices, after gaining early, have fallen 0.8% to $74.54 after the OPEC+ meeting collapsed without a deal. The 10-year U.S. Treasury yield fell 0.072 percentage points, to 1.36%.
(B.Z.) has dropped 9.3% after their apps were also deleted. Perhaps not unrelated,

(W.B.) jumped about 40% on reports it’s planning to go private, though the stock is up only 14% after the company denied the reports. The actions against Didi raise many questions for investors invested in U.S.-listed Chinese stocks. “This action could pose big risks for other Chinese listing candidates in the U.S. that may face similar questions over the way they store data,” write Gavekal’s Ernan Cui & Thomas Gatley. Goldman Sachs.

(HOLY) has risen 1.3% after getting upgraded to Outperform from In Line at Evercore ISI. Write to Ben Levisohn at ben.levisohn@barrons.com

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