Inched 0.1% higher, to 33,978.08, and the Nasdaq It’s rallied through January on growing belief inflation is on a steady downswing, hopefully relieving pressure on the economy and markets. Read: Adani shares mixed after 413-page response to Hindenburg The Adani Group said it was considering legal action against Hindenburg following its allegations of stock market manipulation and accounting fraud. But shares in other Adani listed companies fell between 5% to 20%. Gained 5.4% and the Adani Ports & Special Economic Zone Ltd.Īdded 2.1%. short-selling firm Hindenburg Research published a report alleging major problems within India’s second-largest conglomerate, which has holdings in energy, data transmission, construction and other major industries. Shares in some companies in the Adani Group recovered some lost ground after recent massive losses after U.S. The world’s biggest maker of computer chips, which jumped 8%. Taiwan’s benchmark was lifted by gains in TSMC Alibaba is headquartered in the east Chinese city of Hangzhou. The Hong Kong newspaper South China Morning Post reported that the company had denied it was planning such a change, saying the new campus in Singapore will house regional operations with partners like Lazada. Sank 7.1% following reports it is building a facility in Singapore that some speculated could become its global headquarters. Lost 2.8% on heavy selling of technology shares. In the first trading session after a weeklong break, the Shanghai Composite index Reports that holiday travel during last week’s Lunar New Year festivities was nearly back to normal raised expectations that China’s economy may regain momentum faster than anticipated after it relaxed pandemic restrictions late last year. That was down from 4.7% inflation in November. The measure the Fed prefers, which doesn’t count food and energy costs, was 4.4% higher in December than a year earlier. inflation is continuing to cool, raising hopes for a smaller increase that’s less painful than last year’s aggressive hikes. Attention was turning to Wednesday’s decision by the Federal Reserve on interest rates.
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