Business
ASX up 1.1%; oil stocks soar, China exporters retreat – The Sydney Morning Herald
ASX200 opens with a bang, rising 0.9% to get over 6000 for the first time in four sessions. Energy stocks are up 2%, industrials, info tech and materials are leading….
Along with all the macroeconomic and political drama this week, the world’s largest stock market float is due on Thursday when Jack Ma’s Ant Group starts trading on the Hong Kong exchange and Shanghai’s STAR market. The float is expected to raise $US34.5 billion ($45 billion) and value the company at $US315 billion ($448 billion).
However, Reuters is now reporting four of China’s top finance regulators conducted regulatory talk with Ant Group’s top executives including founder Jack Ma on Monday.
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