Asia shares bounce as mood shifts, sentiment fickle
Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week.
Robinhood IPO faces threat of retail snub on Reddit
Online brokerage Robinhood Markets Inc, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering.
GameStop falls 27% on potential share sale, other ‘meme stocks’ falter
Shares of GameStop Corp (GME.N) lost more than a quarter of their value on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of names favored by retail investors.
Explainer: What is a gamma squeeze and how did it drive up AMC’s stock price?
Shares of AMC Entertainment Holdings Inc (AMC.N) surged to a record high this week in a blistering rally that again highlighted how an arcane options market dynamic known as a gamma squeeze can super-charge stock price gains.
Analysis: With AMC shares sky-high, ‘gamma squeeze’ less of a driving force
The meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that helped fuel its recent gains, analysts said.
Asia shares off 3-month highs, caution ahead of U.S. payrolls
Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose to near 1-1/2 year highs.
Asian shares tick up U.S. data bolsters reopening hopes
Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy.
Asian shares step back from 2-wk highs, dollar firm
Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top.
Nikkei to reach 30-year high on economic reopenings
Japanese shares are expected to recover and reach a 30-year peak by the end of year as an acceleration of vaccinations after initial delays helps the economy to reopen, according to respondents in a Reuters poll.
Lordstown Motors says 2021 production will be half of expectations
Lordstown Motors Corp (RIDE.O) said on Monday that 2021 production of its Endurance truck will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 9.5% in after-hours trading.
