Invest
Key Market Moves: Baidu, AMD, Lululemon
By Syfe  •  April 1, 2022
All three major US stock indices closed lower on Thursday despite a recent winning run. Stalled peace talks between Russia and Ukraine weighed on sentiment, as did ongoing concerns about persistently high inflation.  Here are this week’s top market headlines. Baidu, iQiyi, Futu plunge on delisting fears Shares of Baidu, China’s largest search engine, dropped 8% on Thursday after the US Securities and Exchange Commission (SEC) added it to its list of stocks at risk of delisting over non-compliance with audit inspection rules. Two other Chinese companies – iQiyi and Futu – were on the list as well. iQiyi, a video streaming platform, fell 9.9% while Futu, which operates Moomoo in Singapore, plunged 12.9% at the close of yesterday’s trading.  China doesn’t allow audit and accounting data to be taken offshore. However, the government has empowered the China Securities Regulatory Commission (CSRC) to find a solution that enables Chinese firms...
Read the full article
By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance