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Shares in China Telecom, blacklisted by US, surge on Shanghai debut
Shares of China Telecom, which is blacklisted by the US government, surged as high as the Shanghai bourse’s 44% limit on new shares. Read more…
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Shares of Indian mobile gaming platform Nazara surge more than 80%
Shares of Indian mobile gaming platform Nazara Technologies Ltd surged more than 80% in their market debut, reflecting investor enthusiasm. Read more…
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Softbank shares down 7% investors uncomfortable amid decline in markets
SoftBank shares closed down 7% as the group’s bets on equity derivatives tied to listed technology companies made investors uncomfortable. Read more…
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Japan telco shares jump despite fear of price war
Shares in Japan’s big telcos jumped after market leader NTT Docomo announced smaller-than-feared price cuts, alleviating concerns about a price war. Read more…
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Softbank shares jump after record buyback and profit surge
SoftBank shares jumped 17% on Thursday, adding $14bn to market value, after it unveiled a record share buyback and a surge in quarterly operating profit. Read more…