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Traders are aggressively building short-selling positions in US stocks, while bullish wagers on the tech sector remain stretched, putting the market at risk, according to Citigroup Inc. strategists.
Source
Bloomberg Markets
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Piven faced more than a few hurdles on his path to finding a buyer, with the 6,200-square-foot home bouncing on and off the market over the year, each time with a reduced asking price.
Emerging-market stocks rebounded, led by South Korea, as investors snapped up artificial intelligence shares at lower prices after Monday’s selloff. Developing-nation currencies advanced after Iran and Israel paused hostilities.
Indonesia may raise interest rate again to shield the rupiah and curb market volatility, according to analysts, after the central bank’s surprise tightening on Tuesday helped the currency rebound from record lows and boosted stocks.
U.K. pharmaceutical giant GSK on Tuesday struck a $10.6 billion deal to buy U.S.-listed biotech company Nuvalent, its biggest acquisition in eight years as it seeks to bolster the cancer portfolio it had previously trimmed.
